THREE STARS NEW MATERIALS: Application for issuing stocks to specific objects has been approved

THREE STARS NEW MATERIALS announced that on February 5, 2025, it received the "Review Opinions on the Issuance of Shares by Zhejiang Three Stars New Materials Co., Ltd. to Specific Objects" issued by the Shanghai Stock Exchange. The specific review opinions are as follows: "The application for the issuance of shares by Zhejiang Three Stars New Materials Co., Ltd. to specific objects meets the issuance conditions, listing conditions, and information disclosure requirements. Our exchange will submit your company's application documents to the China Securities Regulatory Commission for registration upon receipt." The company's issuance of shares to specific objects is subject to obtaining the approval decision from the China Securities Regulatory Commission for registration before it can be implemented. There is still uncertainty regarding whether the company can obtain the approval decision from the China Securities Regulatory Commission for registration and the timing of such a decision