Phichem Material shareholders, senior management complete share reductions

Shanghai Phichem Material Technology Co., Ltd. announced the completion of share reduction plans by a concert party to its actual controller, Ms. Zhang Yanxia, and senior management member Mr. Li Xiaosheng. The plans, initially disclosed on September 8, 2025, involved share sales through centralized bidding and block trades.

Ms. Zhang Yanxia sold 534,101 shares via centralized bidding between October 13, 2025, and December 1, 2025, at an average price of yuan 23.33 per share, representing 0.09% of the company's total share capital. Following this, her unrestricted shares are now zero. Mr. Li Xiaosheng sold 13,923 shares through centralized bidding on December 1, 2025, at an average price of yuan 21.90 per share, accounting for 0.002% of total share capital, also resulting in zero unrestricted shares for him.

The company confirmed that these transactions comply with relevant regulations, and the actual reduction quantities did not exceed the planned amounts. The company's control will not change, nor will its governance structure or continuous operations be affected by these share reductions.