Zhongqi New Materials: All employee stock ownership plan shares have been sold.

The announcement of Zhongqi New Materials Co., Ltd. states that all the company shares held by the first phase employee stock ownership plan have been sold. As of the disclosure date of the announcement, the 812,300 shares of the company held by the first phase employee stock ownership plan have been sold through centralized bidding, accounting for 0.44% of the total share capital of the company. According to relevant provisions of the "First Phase Employee Stock Ownership Plan," the company shares held by this employee stock ownership plan have been completely sold, and the assets held by this employee stock ownership plan are all monetary funds. The company will proceed with the corresponding property liquidation and distribution work in accordance with relevant laws and regulations and the relevant provisions of this employee stock ownership plan, and will terminate the employee stock ownership plan as required.