Yubang New Materials announced that the company's board of directors reviewed and passed the bill and agreed to exempt the actual controllers, directors and executives Xiao Feng and Lin Min from some voluntary share sales restriction promises made during the IPO, and the relevant directors have already avoided voting. The exemption in this application covers 29.99% of the shares transferred by agreement in the transfer of control and 3% of the shares to be pre-offered. The remaining shares still fulfill the promise to transfer no more than 25% per year during the tenure. This matter is a prerequisite for the transfer of control. It still needs to be reviewed and approved by the company's second extraordinary shareholders' meeting in 2026, and there is uncertainty.

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