Tongcheng New Materials: Intends to revise company articles of association and other systems to adapt to the H-share issuance listing.

Tongcheng New Materials announced that the company plans to issue H shares and list on the main board of the Hong Kong Stock Exchange. In order to improve the company's governance structure, they will add 1 independent director, increasing the number of directors from 9 to 10, and the number of independent directors from 3 to 4. At the same time, they will revise the cumulative voting provisions, increasing the annual allowance for independent directors residing in Hong Kong to 200,000 Hong Kong dollars. The current regulations, such as the "Articles of Association," will take effect after being approved by the shareholders' meeting, while others will take effect from the listing date of H shares. The board of directors of the company requests authorization from the shareholders' meeting to handle corporate changes and other matters.