Three Gorges New Materials: SDIC's transfer of 85% equity in Dangyang Urban Investment has not yet completed industrial and commercial change registration.

Sanxia New Material announced that SDIC will transfer its 85% equity interest in Dangyang Urban Investment to Bonded Supply Chain for consideration, and Bonded Supply Chain will indirectly control 22.74% of the company's shares through Dangyang Urban Investment; the aforementioned equity transfer has not yet completed the industrial and commercial change registration. Dangyang Urban Investment remains the company's controlling shareholder, and the State-owned Assets Supervision and Administration Commission of the Yichang Municipal People's Government remains the actual controller. The controlling shareholder and actual controller have not changed.