Lushan New Materials: Shareholder Wang Jiasheng and Lushan Information plan to reduce their holdings by 3% and 0.13%, respectively.

Lushan New Material Announcement: As of the disclosure date of this announcement, Lushan Information holds 1,810,900 shares, accounting for 1.12%; Wang Jiasheng holds 47,869,500 shares, accounting for 29.62%. Lushan Information and Wang Jiasheng plan to reduce their holdings by a total of no more than 4,849,000 shares within three months after 15 trading days from the date of this announcement, which is no more than 3% of the company’s total share capital. Among them, the reduction through centralized bidding will not exceed 1,616,300 shares, and through block trades will not exceed 3,232,700 shares; Lushan Information intends to reduce no more than 210,100 shares, and Wang Jiasheng intends to reduce no more than 4,638,900 shares. The reduction period is from March 10, 2026, to June 9, 2026, with the reduction price determined based on the market price.