Senior Technology Subsidiary Acquires Significant Stake in Japanese Firm

Shenzhen Senior Technology Material Co., Ltd. (referred to as "the Company") announced today that its subsidiary, Senior International Holdings (Singapore) Co., Ltd. (referred to as "Singapore Senior"), has submitted a Large Shareholding Report to the Japanese Ministry of Finance.

This submission follows Singapore Senior's initial acquisition of over 5% of the shares in Ferrotec Corporation (stock code: 6890.T), a Japanese magnetic technology holding company. The report confirms that Singapore Senior now holds more than 5% of Ferrotec Corporation's total share capital. The Company pledges to fulfill its information disclosure obligations regarding future developments and advises investors to exercise rational investment decisions, acknowledging the inherent risks.