Hesheng New Materials announced that the company previously promoted the issue of issuing shares to specific targets through simplified procedures in 2026. On November 11, 2026, the company and sponsor Shengang Securities Co., Ltd. applied to the Shenzhen Stock Exchange to withdraw the issuance application documents; the company's board of directors reviewed and approved the termination of the matter on the same day, and there is no need to submit it to the shareholders' meeting for review. According to the company, termination is a prudent decision made by comprehensively considering changes in the current capital market environment and the actual situation of the company, and will not adversely affect production, operation and business development.

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