According to the Sanchao New Materials announcement, the controlling shareholder of the company, Wuxi Boda Heyi Technology Co., Ltd. used cash to subscribe for 21.81 million A-shares issued by the company to specific targets. After this change in equity, the number of shares held by Boda Group increased from 18985.3.84 million shares to 407.953.84 million shares, and the shareholding ratio increased from 16.62% to 29.99%. This change in equity will not lead to changes in the controlling shareholders and actual controllers of the company, and will further consolidate Boda's control over the company. The new shares will be listed on October 16, 2026, and the limited sale period for shares obtained by Boda Heyi is 18 months.

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