Prince New Materials: The controlling shareholder and actual controller sold 1.11 million shares of the company on May 21st.

Prince New Materials announced a abnormal announcement, the company focuses on the hot topic concept of "controlled nuclear fusion". Through self-examination, the company's holding subsidiary Ningbo Xinrong provides customers with energy storage capacitors and support capacitors, which play a role in storing and quickly releasing energy, ensuring stable power output. This product accounts for a very small proportion of the company's business, and the contract amount does not exceed 3% of the audited company's total operating income for the year 2024, and will not have a significant impact on the company's performance in the short term. The company's controlling shareholder and actual controller, Wang Jinjun, sold 1.11 million shares of the company's stock through centralized bidding trading on May 21, 2025, accounting for 0.29% of the total share capital as of the date of this announcement.