Kangda New Materials announced that Beijing Kangda Shengjing Integrated Circuit Co., Ltd., a wholly-owned subsidiary, plans to transfer 39% of the shares of Chengdu Bicong Technology Co., Ltd. to Tangshan Industrial Holding Group Low Altitude Economic Development Co., Ltd. for RMB 139 million, constituting a related transaction. After the transaction is completed, Shengjing Integrated Circuit will hold 10% of Bikong Technology's shares. The transaction has been reviewed and approved by the board of directors and does not need to be submitted to the company's shareholders' meeting for

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