Siquan New Materials Updates Application Documents Including Replies to the Second Round of Inquiry Letter for Specific Object Stock Issuance

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Guangdong Siquan New Materials Co., Ltd. (Stock Code: 301489, Stock Abbreviation: Siquan New Materials) announced on March 18 that the company has, in accordance with the further verification requirements of the Shenzhen Stock Exchange (hereinafter referred to as “SZSE”), collaborated with relevant intermediaries to supplement and update some content in the application documents, including the second round of inquiry responses for the issuance of shares to specific targets. The related updates have been disclosed on CNINFO on the same day as this announcement.

The announcement shows that since the issuance of shares to specific targets began in September 2025, Siquan New Materials has undergone two rounds of inquiry and multiple document updates. On September 15, 2025, the company received the first inquiry letter from SZSE, and subsequently updated the inquiry responses and prospectus on October 10 and October 28. On November 14, 2025, the company received the second inquiry letter, and completed two document updates on November 20 and January 6, 2026. This update is the latest supplement and update in response to the second inquiry letter.

Timeline
Event Progress
September 15, 2025
Received the first inquiry letter from SZSE
October 10, 2025
Disclosed responses to the first inquiry letter and updated application documents (combined with the 2025 semi-annual report)
October 28, 2025
Supplemented and updated application documents based on further review opinions from SZSE
November 14, 2025
Received the second inquiry letter from SZSE
November 20, 2025
Disclosed responses to the second inquiry letter and updated application documents (combined with the 2025 third quarter report)
January 6, 2026
Supplemented and updated application documents based on further review opinions from SZSE
March 18, 2026
Supplemented and updated the second inquiry response and related documents according to SZSE’s further verification requirements

The company emphasizes that the issuance of shares to specific targets still requires approval from SZSE and registration approval from the China Securities Regulatory Commission (CSRC) before implementation. Whether the review and registration will ultimately be approved, and the timing of any related decisions, remain uncertain. The company will fulfill its information disclosure obligations in a timely manner according to the progress of the matter. Investors are advised to be aware of investment risks.

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Editor: Xiao Lang Kuai Bao

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