Hailiang New Material: Intends to adjust the upper limit of the repurchase share price from 21.4 yuan per share to 35 yuan per share.

Haixiang New Materials announced that the 15th meeting of the third board of directors of the company approved the "Proposal to Adjust the Upper Limit of the Repurchase Price of Shares." Since the company's stock price has recently exceeded the upper limit specified in the share repurchase plan, in order to ensure the smooth implementation of the repurchase, it is proposed to adjust the upper limit of the repurchase price from 21.40 yuan per share to 35 yuan per share, not exceeding 150% of the average trading price of the company's stock for the 30 trading days prior to the board resolution. Other contents remain unchanged.