Koma Materials adjusts the implementation site of the 55 million yuan R&D center project to optimize resource allocation and enhance the efficiency of fund utilization.

[Beijing, March 17, 2026] Zhejiang Koma Friction Materials Co., Ltd. (Stock Code: 920086, Stock Name: Koma Materials) announced today that the company has decided to change the location of the “R&D Center Upgrade Project” within its listed fundraising projects to optimize resource allocation and improve the efficiency of fund use. This matter has been reviewed and approved by the company’s Board of Directors and does not require shareholder approval.

Basic Information on Fundraising

Koma Materials was listed on the Beijing Stock Exchange on January 16, 2026. The total amount raised through the public offering was 243.9272 million yuan, with a net amount of 206.168 million yuan after deducting issuance costs. The company has deposited all raised funds into a dedicated account and established strict management systems for the use of the funds.

According to the prospectus, the company’s investment plan for the raised funds is as follows:

Details of Location Change

The announcement indicates that this change only involves the adjustment of the implementation location for the “R&D Center Upgrade Project,” with details as follows:

The company states that this location change is based on overall factory planning and personnel layout considerations, aiming to reasonably optimize resource allocation and improve the efficiency of fund use. Aside from the change in location, the project’s main body, construction content, purpose of the raised funds, and total investment remain unchanged.

Impact of Change and Review

Koma Materials emphasizes that this location change will not adversely affect the implementation of the fundraising projects nor alter the investment direction and content of the raised funds. The Board of Directors believes that this move will help accelerate the smooth implementation of the fundraising projects, aligns with the company’s operations and long-term development plans, and does not harm the interests of the company or shareholders.

This matter was approved at the company’s sixth session of the Board of Directors, second meeting of the Audit Committee, and second meeting of the Independent Directors on March 10, 2026, and was also approved at the sixth session of the Board of Directors, second meeting on March 13, 2026. According to the “Guidelines for Continuous Supervision of Listed Companies on the Beijing Stock Exchange No. 9 - Management of Raised Funds,” this change does not require approval by the company’s shareholders’ meeting.

Sponsor’s Opinion

The company’s sponsor, Guotou Securities Co., Ltd., has verified this change and believes that the decision-making process is compliant, and that it does not alter the investment direction or content of the raised funds. It will not adversely affect the company’s financial condition or operations, and complies with relevant laws, regulations, and normative documents. Therefore, it has no objection to this change in the implementation location of the fundraising project.

Koma Materials states that the company will strictly adhere to the relevant regulations on the use of raised funds, strengthen internal and external supervision, and ensure the lawful and effective use of the funds.

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