Wei Hua New Materials: Intends to subscribe for fund units worth 50 million yuan.

Announcement from Weihua New Materials: The company plans to use its own funds of 50 million RMB to participate in the subscription of shares of Jiaxing Chang Peixinquan Equity Investment Partnership Enterprise, representing 80.5802% of the total shares. This fund mainly invests in equity of unlisted companies, with Jiaxing Chang Pei Private Equity Fund Management Partnership Enterprise as the general partner, executive partner, and fund manager. This transaction is not considered a related-party transaction nor a major asset restructuring.