Western Materials: The controlling shareholder, China North Industries Group Corporation Limited, plans to reduce its holdings by no more than 1%

Western Materials Announcement, the controlling shareholder North and East Nonferrous Metals Research Institute holds 120 million shares, accounting for 24.68%. It plans to reduce no more than 4.8821 million shares, or 1%, within three months after 15 trading days from the date of disclosure through centralized bidding or block trading. The reduction price range will be determined based on the market price at the time of implementation, and the reason for the reduction is the shareholder’s own capital needs.