Kesheng New Materials: Shareholder Huabang Health intends to inquire about transferring 20 million shares, accounting for 4.75% of the total share capital of the company.

Kesheng New Material announcement, shareholder Huabang Health plans to transfer a total of 20 million shares, accounting for 4.75% of the total share capital of the company. The assignee of this inquiry transfer has the corresponding pricing ability and risk tolerance as an institutional investor. The minimum transfer price shall not be lower than 70% of the average stock trading price of the previous 20 trading days before the date of sending the subscription invitation letter. The assignee shall not transfer the shares acquired through the inquiry transfer within 6 months after the acquisition.