Broadway material: approval obtained for issuing stock applications to specific entities

On June 17, Guangxin Materials announced that the company received approval from the China Securities Regulatory Commission on June 16, 2025, for the issuance of stocks to specific targets. The board of directors will handle the issuance of stocks to specific targets in accordance with the approval and relevant laws and regulations, as well as the authorization of the shareholders' meeting, within the specified deadline, and will fulfill timely disclosure obligations.