Hengshen New Materials announced that the 15.84 million shares of the company held by Qingdao Changsheng Nippon Electric New Energy Holdings Co., Ltd., a shareholder holding 5% or more of the company's shares, will be judicially auctioned, accounting for 24.99% of its shares and 2.31% of the company's total share capital. The reason for the auction was a debt dispute. The auction period was from 10:00 on October 12, 2026 to 10:00 on October 13, 2026. The auctioneer was the People's Court of Shinan District, Qingdao City, Shandong Province. Qingdao Changsheng is not a controlling shareholder of the company. This auction will not lead to a change in the company's actual control, nor will it have a significant adverse impact on the company's production and operation. As of the disclosure date of the announcement, Qingdao Changsheng held 63.38 million shares of the company, accounting for 9.23% of the total share capital. All of its holdings were judicially frozen. This auction is still in the publicity stage, and the results are uncertain, and the transferee must not reduce its holdings of the transferred shares within six months after the transfer.

Hengshen New Materials announced that the 15.84 million shares of the company held by Qingdao Changsheng Nippon Electric New Energy Holdings Co., Ltd., a shareholder holding 5% or more of the company's shares, will be judicially auctioned, accounting for 24.99% of its shares and 2.31% of the company's total share capital. The reason for the auction was a debt dispute. The auction period was from 10:00 on October 12, 2026 to 10:00 on October 13, 2026. The auctioneer was the People's Court of Shinan District, Qingdao City, Shandong Province. Qingdao Changsheng is not a controlling shareholder of the company. This auction will not lead to a change in the company's actual control, nor will it have a significant adverse impact on the company's production and operation. As of the disclosure date of the announcement, Qingdao Changsheng held 63.38 million shares of the company, accounting for 9.23% of the total share capital. All of its holdings were judicially frozen. This auction is still in the publicity stage, and the results are uncertain, and the transferee must not reduce its holdings of the transferred shares within six months after the transfer.