Haishun New Materials: Intends to acquire 43.015% equity of Shanghai Jiucheng for 142 million yuan.

Haishun New Materials Announcement: The company intends to transfer its 43.015% equity stake in Shanghai Jiucheng to Convex Lefeng Yagao Co., Ltd., with a total transaction price of 142 million RMB. After the transaction is completed, the company will no longer hold any equity in Shanghai Jiucheng.