Jinge New Materials announced that Shenzhen Innovation Investment Group Co., Ltd., Guangdong Red Earth Venture Capital Co., Ltd., and Foshan Red Earth Junsheng Venture Capital Partnership will respectively reduce their holdings by no more than 170,700 shares, 341,300 shares, and 512,000 shares within 3 months after the date of disclosure of this announcement; Guangdong Yueke Parent Fund Investment Management Co., Ltd. - Guangzhou Yueke Intellectual Property Operation and Investment Center, and Guangdong Kerui Investment Management Co., Ltd. plan to reduce their holdings by no more than 730,000 shares and 31,400 shares, respectively, within 15 trading days from the date of disclosure of this announcement. They all used centralized bidding methods, and the reason for reducing holdings was due to their own capital requirements.

Jinge New Materials announced that Shenzhen Innovation Investment Group Co., Ltd., Guangdong Red Earth Venture Capital Co., Ltd., and Foshan Red Earth Junsheng Venture Capital Partnership will respectively reduce their holdings by no more than 170,700 shares, 341,300 shares, and 512,000 shares within 3 months after the date of disclosure of this announcement; Guangdong Yueke Parent Fund Investment Management Co., Ltd. - Guangzhou Yueke Intellectual Property Operation and Investment Center, and Guangdong Kerui Investment Management Co., Ltd. plan to reduce their holdings by no more than 730,000 shares and 31,400 shares, respectively, within 15 trading days from the date of disclosure of this announcement. They all used centralized bidding methods, and the reason for reducing holdings was due to their own capital requirements.