World: The application of issuing stocks to specific entities has been approved by the China Securities Regulatory Commission.

Shihua Technology Announcement, recently received the approval from the China Securities Regulatory Commission for the registration of Suzhou Shihua New Material Technology Co., Ltd. to issue shares to specific parties. The specific content includes: approval of the company's registration application to issue shares to specific parties; this issuance should be strictly implemented in accordance with the application documents and issuance plan submitted to the Shanghai Stock Exchange; this approval is valid for 12 months from the date of registration approval. The company will strictly handle the relevant matters of issuing shares to specific parties in accordance with the approval documents and relevant laws and regulations, and fulfill the obligation of timely disclosure of information.