Jinsheng New Materials announced that due to its own capital requirements, Ningbo Liyi Venture Capital Center, reduced its holdings of the company's shares through bulk transactions or centralized bidding transactions, which led to a decline in the shareholding ratio. As of the date of signing this report, Ningbo Liyi held 22.5 million shares of the company, accounting for 15.00% of the current total share capital of the company. This change in equity will not lead to a change in the company's control and will not have a significant impact on the company's governance structure and continuous operation.

Jinsheng New Materials announced that due to its own capital requirements, Ningbo Liyi Venture Capital Center, reduced its holdings of the company's shares through bulk transactions or centralized bidding transactions, which led to a decline in the shareholding ratio. As of the date of signing this report, Ningbo Liyi held 22.5 million shares of the company, accounting for 15.00% of the current total share capital of the company. This change in equity will not lead to a change in the company's control and will not have a significant impact on the company's governance structure and continuous operation.