BQXC (Boqian New Materials): Authorized management to initiate overseas issuance of H shares and prepare for listing in Hong Kong.

Boqian New Materials announced that the company held its fourth session of the third board of directors meeting on April 2, approving the authorization of the company's management to initiate the pre-listing preparations for the overseas issuance of shares and listing on the main board of the Hong Kong Stock Exchange. The specific details of this H-share listing have not been determined yet. After the plan is confirmed, it will still need to be submitted for review and approval by the company's board of directors and shareholders' meeting, as well as obtaining the relevant government and regulatory agencies' filings, approvals, and/or licenses. The final implementation of this listing is subject to significant uncertainty.