Zhongbao New Material Group Co., Ltd. released a supplementary announcement on July 19, 2024, detailing the annual report for the year ended December 31, 2023. The announcement stated that the company plans to use the net amount of unused income for the period from 2024 to 2025 to expand the production line of biodegradable plastic products at the Changchun production base, establish a production base in Huizhou, enhance research and development capabilities and upgrade research and development equipment, strengthen IT systems, and general operational capital. In addition, the company has used internal funds to build factories in Anji and Dongguan, and has not used the net proceeds raised in the listing, which is slightly different from the expansion plan and prospectus. After reviewing the financial situation for the full year of 2024, the company will determine the actual allocation of unused income and revise it in accordance with the listing rules. The announcement was issued by Chairman and Executive Director Zhang Yuqiu, and indicated that all other information remains unchanged.

Zhongbao New Material Group Co., Ltd. released a supplementary announcement on July 19, 2024, detailing the annual report for the year ended December 31, 2023. The announcement stated that the company plans to use the net amount of unused income for the period from 2024 to 2025 to expand the production line of biodegradable plastic products at the Changchun production base, establish a production base in Huizhou, enhance research and development capabilities and upgrade research and development equipment, strengthen IT systems, and general operational capital. In addition, the company has used internal funds to build factories in Anji and Dongguan, and has not used the net proceeds raised in the listing, which is slightly different from the expansion plan and prospectus. After reviewing the financial situation for the full year of 2024, the company will determine the actual allocation of unused income and revise it in accordance with the listing rules. The announcement was issued by Chairman and Executive Director Zhang Yuqiu, and indicated that all other information remains unchanged.