JIUDING NEW MATERIALS: RECEIVED AN ADMINISTRATIVE PENALTY DECISION

Jiuding New Materials Announcement: The company has received the "Administrative Penalty Decision" issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. The company was warned and fined 1.2 million yuan for illegal information disclosure. The former Chairman and Secretary of the Board of Directors, Wang Wenyin, was also warned and fined 1 million yuan. The illegal facts include the failure to disclose in a timely manner the shareholding situation of the company's controlling shareholders and their concerted actors, as well as the failure to disclose the freezing of shares and the proposed auction matters in a timely manner. The company did not touch upon the situation of forced delisting due to major violations, and its production and operation are normal.