Xinghua New Materials: Shareholder inquiry-based transfer price initially set at RMB 19.21 per share

Xinghua New Materials announced that, based on the inquiry subscription on September 15, the price for this shareholder inquiry transfer has been preliminarily set at RMB 19.21 per share. A total of 19 institutional investors participated in the quotation, with a combined valid subscription of 9.55 million shares, corresponding to a valid subscription multiple of 5.61 times. The shares proposed to be transferred in this transaction have been fully subscribed, and the transferees have been preliminarily determined to be 4 institutional investors, with a total of 1.7025 million shares proposed to be transferred. This inquiry transfer is not a reduction through the secondary market, and the shares acquired by the transferees may not be transferred within 6 months after the transfer.