Zhongwei New Materials announced that the controlling shareholder, Hunan Zhongwei Holding Group Co., Ltd., plans to increase the company's A shares through centralized bidding transactions with its own capital and special loans within 6 months from the date of the announcement. The increase amount will not be less than RMB 500 million, not more than RMB 1 billion, and the special loan capital will account for no more than 90%. The Changsha branch of China CITIC Bank Co., Ltd. issued a letter of commitment to provide a special loan of no more than RMB 900 million for a period of not more than 36 months. The details are subject to the final signed loan contract. The plan to increase holdings does not set a price range, and may be delayed or impossible to implement due to factors such as untimely funding or changes in the capital market; implementation will not result in a change in the company's control.

Zhongwei New Materials announced that the controlling shareholder, Hunan Zhongwei Holding Group Co., Ltd., plans to increase the company's A shares through centralized bidding transactions with its own capital and special loans within 6 months from the date of the announcement. The increase amount will not be less than RMB 500 million, not more than RMB 1 billion, and the special loan capital will account for no more than 90%. The Changsha branch of China CITIC Bank Co., Ltd. issued a letter of commitment to provide a special loan of no more than RMB 900 million for a period of not more than 36 months. The details are subject to the final signed loan contract. The plan to increase holdings does not set a price range, and may be delayed or impossible to implement due to factors such as untimely funding or changes in the capital market; implementation will not result in a change in the company's control.