Boqian New Materials: Abnormal fluctuations in stock trading advance the H-share issuance matters.

Bogian New Materials announced that the company's stock price has deviated by more than 20% from the closing price for three consecutive trading days on May 21, May 22, and May 25, 2026, which is considered abnormal fluctuation. Upon investigation, the company's current operation is normal and the external environment has not changed. The company is progressing with the issuance of foreign-listed foreign capital stocks, which still require approval from the shareholders' meeting and regulatory authorities, with uncertainties. In addition, the controlling shareholder and the actual controller's concerted action person, Shanyang Investment, is currently in a period of reducing holdings and has already partially reduced holdings. The company reminds investors to pay attention to trading risks.