Yihao New Materials announced that Leng Jinfeng, a relative of independent director Leng Daguang, bought and sold the company's stocks through centralized bidding trading from July 9 to July 11, 2024, which constituted short-term trading. After verification, Leng Jinfeng has handed over all the profits from this short-term trading to the company. Leng Daguang was unaware of this trading behavior and did not disclose the company's operations or provide investment advice to relatives. Leng Jinfeng has recognized the seriousness of this violation and promised to strictly abide by relevant laws and regulations to ensure that such situations do not happen again. The board of directors of the company apologizes to the investors and expresses its commitment to strengthen the study of relevant laws and regulations to prevent such incidents from happening again.