Siquan New Materials: The closing price of the stock has deviated from the previous two trading days by more than 30% in total.

Siquan New Materials Announcement: The closing price of the company's stock has deviated by more than 30% for two consecutive trading days. After verification, there is no need to amend or supplement the information disclosed by the company earlier. There have been no significant changes in the company's operations and internal and external environment. The company is actively promoting the issuance of stocks to specific targets and will fulfill the obligation to disclose information in a timely manner in accordance with relevant laws and regulations. During the period of abnormal fluctuations in stock trading, the controlling shareholder and the actual controller of the company did not buy or sell the company's stock. The company is not in violation of regulations on fair information disclosure.