Xinke Materials announced that the actual controller of the company, the Santai County State-owned Assets Supervision and Administration Office, transferred 100% of the direct shares of Sichuan Zifa Industrial Investment Group Co., Ltd. to Sichuan Mianzi Industrial Investment and Development Co., Ltd. free of charge, and the relevant business registration has been completed. This change in the superstructure of the controlling shareholder is an administrative transfer. It does not touch on the proposed acquisition, and will not lead to a change in the controlling shareholder and actual controller of the company. The controlling shareholder of the company is still Sichuan Rongxin Hongzi Technology Co., Ltd., and the actual controller is still the Santai County State-owned Assets Administration Office, which will not have a significant impact on the company's daily business activities.

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