South Asia New Materials: Application for the issuance of A-shares to specific entities has been accepted by the Shanghai Stock Exchange.

South Asia New Materials announced that on April 2, 2026, the company received a notice from the Shanghai Stock Exchange stating that the application documents for the issuance of securities by the company as a Sci-Tech Innovation Board listed company are complete and in compliance with legal requirements. The Shanghai Stock Exchange has decided to accept the application and conduct a legal review. The issuance of A shares to specific investors still needs to be approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission before it can be implemented. The final approval and timing are uncertain.