Zhitong Financial App News, Pioneer New Materials (300163.SZ) issued an announcement. The company received the “Decision on Ordering Corrective Measures against Ningbo Pioneer New Materials Co., Ltd.” (hereinafter referred to as the “Decision”) issued by the Ningbo Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the “Ningbo Securities Regulatory Bureau”) on September 24, 2026.

According to the decision, the company held the 2026 First Extraordinary General Meeting of Shareholders on July 17, 2026 to elect 2 non-independent directors and 1 independent director. The number of directors and the number of independent directors among them did not meet the requirements of the company's articles of association, and the by-election was not completed in a timely manner as required. The above acts do not comply with relevant regulations. According to regulations, the Ningbo Securities Regulatory Bureau decided to take corrective administrative supervision measures against the company and record them in the securities and futures market integrity file database.

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