Hongbai New Materials announced that the company's actual controllers Ji Jinshu, Lin Qingsong, and Yang Rongkun recently signed the “Supplementary Agreement 2 to the Concerted Action Agreement” to amend the validity period of the original agreement to 108 months from the date of the company's stock listing. As of the disclosure date, the three directly and indirectly held a total of 239,976,075 shares of the company, accounting for 31.05% of the total share capital. This renewal did not lead to a change in the actual control of the company, which is conducive to maintaining stable control and consistent decision-making, and has no adverse impact on daily operations.

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