Global New Material International Holdings Limited (the “Company,” Stock Code: 06616) has entered into a conditional share transfer agreement on 6 February 2026 with a limited partnership (the “SPV LLP”) in which a wholly-owned subsidiary of the Company, Shenzhen Chesir Pearl Technology Co., Ltd., serves as the general partner. Under this agreement, SPV LLP plans to acquire 29.89% of Zhejiang Jihua Group Co., Ltd. (stock code: 603980.SS) at a consideration of RMB1,494.5 million, payable in cash installments.

Following completion of the acquisition, Zhejiang Jihua is expected to become a non-wholly owned subsidiary of the Company. The transaction may constitute a very substantial acquisition under Chapter 14 of the Listing Rules. It also involves a connected and notifiable transaction due to the formation of SPV LLP and the participation of the Company’s controlling shareholder in the limited partnership.

Completion is subject to conditions including satisfactory due diligence, board and shareholder approvals, and adherence to applicable regulatory requirements in the People’s Republic of China. At the Company’s request, trading in its shares on the Hong Kong Stock Exchange was halted from 9:00 a.m. on 9 February 2026, pending a further announcement detailing all required disclosures under the Listing Rules.