Weihua New Material announced that the company intends to acquire a controlling stake in Jiangsu Heyutai Chemical Co., Ltd. through cash, with the specific acquisition ratio to be further verified and negotiated. This transaction is still in the planning stage, and the specific acquisition plan will be determined after completing due diligence, auditing, and asset evaluation. This transaction does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Reorganization of Listed Companies."