Huayang New Materials: The company's main business and existing product system do not involve the rare earth permanent magnet related field.

Huayang New Materials announced a abnormal trading notice, with the company's stock price increase significantly higher than the industry average during the same period, indicating an overheated market sentiment. Recently, some media have reported the company as a rare earth permanent magnet concept stock. After a comprehensive self-inspection by the company, it has been confirmed that as of now, the company's main business and existing product system are not related to the rare earth permanent magnet field, nor does it have any related business layout or technical reserves. Therefore, the company clarifies that it does not have the concept of rare earth permanent magnet.