Nar shares: Termination of planning to issue shares, payment of cash to purchase assets and raise matching funds.

Nar shares announcement, the company intends to issue shares and pay in cash to acquire 33.5542% equity of Nantong Nar Material Technology Co., Ltd. held by Yang Jiantang, Shanghai Nar Jun Material Technology Center, Shanghai Baiyuan Material Technology Center, and Suzhou Xunmaisiyi No.1 Entrepreneurial Investment Partnership Enterprise, and raise matching funds. After careful consideration and friendly negotiations with the relevant parties, the company has agreed to terminate further progress of this transaction.