Sateri: Chairman voluntarily gives up salary, executives voluntarily take pay cut

Setter New Materials Announcement: Recently, we received the "Letter of Voluntary Waiver of Salary" issued by the Chairman of the Company and the "Letter of Voluntary Salary Reduction" issued by senior management. The Chairman and management team of the company, in order to demonstrate their firm confidence in the future development of the company, optimize the company's cost structure, achieve cost reduction and efficiency improvement, and enhance the company's competitiveness, voluntarily propose to reduce their salaries for the year 2025. The salary reduction is 20% of the basic salary approved by the Board of Directors for each senior management member, and the salary reduction period is from April to December 2025. In particular, Chairman Wang Kunming voluntarily waives the basic salary for the period from April to December 2025.