Taihe New Materials announced on the evening of October 16 that Cathay Pacific Chengfeng, a wholly-owned subsidiary of Guofeng Group, the controlling shareholder of the company, increased its shareholding by 10.321 million shares from September 30 to October 16, accounting for 1.19% of the company's total share capital. Cathay Pacific Chengfeng plans to continue to increase its holdings of the company's shares for 6 months from September 30. The number of additional shares will not be less than 1.19% of the total share capital, and no more than 2% of the current total share capital. The price of the proposed increase in shares will not exceed 10.62 yuan/share.

Taihe New Materials announced on the evening of October 16 that Cathay Pacific Chengfeng, a wholly-owned subsidiary of Guofeng Group, the controlling shareholder of the company, increased its shareholding by 10.321 million shares from September 30 to October 16, accounting for 1.19% of the company's total share capital. Cathay Pacific Chengfeng plans to continue to increase its holdings of the company's shares for 6 months from September 30. The number of additional shares will not be less than 1.19% of the total share capital, and no more than 2% of the current total share capital. The price of the proposed increase in shares will not exceed 10.62 yuan/share.