Securities code: 688519 Securities abbreviation: South Asia New Material Announcement No.: 2023-069

South Asia New Materials Technology Co., Ltd.

Announcement on Completion of Non-trading Transfer of Securities by Shareholders of the Company

the board of directors, all directors and relevant shareholders of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and completeness of its contents in accordance with the law.

1. the basic situation of this non-transaction transfer

nanya new materials technology co., ltd. (hereinafter referred to as "the company") recently received a notice from Xiamen yaonan enterprise management partnership (limited partnership) (hereinafter referred to as "Xiamen yaonan"). due to the dissolution and liquidation of Xiamen yaonan, its 20,436 shares (accounting for 0.009 of the total share capital of the company) were registered in the names of Xiamen yaonan partners through non-trading transfer of securities, and the transfer procedures have been completed, and has obtained the "Confirmation of Transfer Registration" of China Securities Depository and Clearing Co., Ltd., the specific situation is hereby announced as follows:

2. the shareholding before and after this non-trading transfer

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Note: 1. Mr. Bao Xinyang is the son of Bao Xiuyin, one of the actual controllers of the company, and is a senior manager of the company;

2. Ms. Gong Ying is the spouse of Gao Hai, one of the actual controllers of the company;

3. the proportion of the total share capital is kept to 2 decimal places. if the total number does not match the sum of the sub-items, it is due to rounding.

3. other relevant instructions

1. The non-trading transfer of securities will not lead to changes in the controlling shareholder and actual controller of the listed company, nor will it harm the interests of the listed company and other shareholders.

2. Mr. Bao Xinyang, a securities entry party, will strictly abide by the relevant laws and regulations, departmental rules and normative documents on the trading of shares of directors, supervisors and senior managers of listed companies.

3. Mr. Bao Xinyang and Ms. Gong Ying will continue to fulfill the relevant commitments that are still valid for public disclosure.

It is hereby announced.

Board of Directors of South Asia New Materials Technology Co., Ltd.

9 September 2023