Prince New Materials: The proportion of controlled fusion business revenue of the holding subsidiary to the company's main business income is very small.

On the evening of June 4th, Prince New Materials issued a notice about abnormal stock trading fluctuations and risk warnings. The company noted that some media outlets have included the company in the concept of controlled nuclear fusion. The company's controlling subsidiary Ningbo Xinrong Electrical Technology Co., Ltd. only provides capacitor products for the magnetic power project in controlled nuclear fusion. It is a component of the fusion magnet power device, not a complete device. The unit price and value in the device are relatively low, and the revenue from this business accounts for a very small proportion of the company's main business income, with limited impact on the company's short-term performance. There is still a long way to go before commercial applications of controlled nuclear fusion, and the sustainability of obtaining orders for such projects by the company's controlling subsidiary Ningbo Xinrong has significant uncertainty. Currently, in addition to the company, there are other suppliers in the market that can provide similar products, creating a certain level of competition in the overall market.