Zhongqi New Materials: Xingkong Technology Becomes the Controlling Shareholder of the Company.

Zhongqi New Materials announced that its shareholder, Xingkong Technology, has signed an agreement with Hainan Yuminghua and Zhou Jun regarding the "Agreement on Waiving Voting Rights and Stabilizing Control Rights". Hainan Yuminghua waives its voting rights corresponding to its 9.3531% shareholding. After the agreement takes effect, Xingkong Technology will hold 23.35% of the company's voting rights, becoming the controlling shareholder, with He Rongming becoming the actual controller. At the same time, Hainan Yuminghua, Zhou Jun, and Xingkong Technology and their concerted parties will ensure that Xingkong Technology and its concerted parties' shareholding percentage is higher than Zhou Jun and his concerted parties, with a difference of not less than 8% through reducing or increasing holdings, among other methods.