Securities code: 688199 Securities abbreviation: Long day new material announcement number: 2023-010.

Tianjin Jiuri New Material Co., Ltd.

Announcement on the progress of temporary shutdown of wholly-owned subsidiaries

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

In order to ensure the stable supply of products and enrich the varieties and types of products, Tianjin Jiuri New Materials Co., Ltd. (hereinafter referred to as the company) intends to make structural adjustments to the production capacity of some production lines of the company's production bases, and at the same time comprehensively consider the recent market conditions. After discussion and decision by the company's management, the company's wholly-owned subsidiary Changzhou Jiuri

The temporary shutdown of Chemical Co., Ltd. (hereinafter referred to as Changzhou Jiuri) was extended until September 30, 2023,

The specific circumstances are disclosed as follows:

Reasons for temporary shutdown of 1.

With the commissioning of the company's wholly-owned subsidiary Inner Mongolia Jiuri New Materials Co., Ltd. with an annual output of 9,250 tons of series of photoinitiators and intermediates, the company has built a number of modern production bases with reasonable layout, and the production projects of the company's production bases are basically carried out as planned. With the product process optimization and equipment renewal and transformation of the company's production bases, Hunan Jiuri New Materials Co., Ltd. and Shandong Jiuri Chemical Technology Co., Ltd., the production capacity has been effectively improved, which has further consolidated the cornerstone of the company's development and laid a solid foundation for the company's future development. In recent years, in order to strengthen "housing speculation" and control financial risks, the state has increased the regulation and control of the real estate industry, which has led to the contraction of the business of related industries in the real estate industry chain. Changzhou Jiuri's main product 1173 and 184 applications are related to real estate. The floor coatings, household coatings and other industries are closely related, and the external environmental impact of the past two years has slowed down domestic and foreign demand, in order to ensure the stable supply of products and enrich the varieties and types of products, the company plans to make structural adjustments to the production capacity of some production lines of the company's production bases, taking into account the recent market conditions. After discussion and decision by the company's management, the temporary shutdown of the wholly-owned subsidiary Changzhou Jiuri

The time is extended to September 30, 2023.

Basic situation of Changzhou Jiuri in 2.

Company Name: Changzhou Jiuri Chemical Co., Ltd

Company type: limited liability company (wholly owned by a legal person not invested or controlled by a natural person)

Date of Establishment: July 9, 1997

Legal Representative: Yan Yunxiang

Registered capital: 61.500924 million RMB

Domicile: No. 99 Dongkang Road, Jintan Economic Development Zone, Changzhou City

Business scope: licensed items: import and export of goods; technology import and export; import and export agency (items subject to approval according to law can only be carried out after approval by relevant departments, and specific business items shall be subject to the approval results) general items: manufacturing of special chemical products (excluding hazardous chemicals) (except for items subject to approval according to law, business activities shall be carried out independently according to law with business license)

The main financial data of Changzhou Jiuri in the latest year and issue:

30 September 2022 31 December 2021

(unaudited) (audited)

Total assets (yuan) 269,011,132.66 322,368,066.11

Total liabilities (yuan) 107,515,109.88 185,194,940.03

Net assets (yuan) 161,496,022.78 137,173,126.08

January-September 2022 2021

(unaudited) (audited)

Operating income (yuan) 216,274,018.30 349,837,361.00

Net profit (yuan) 2,366,688.36 39,545,873.76

Net profit after deducting non-recurring gains and losses (yuan) 2,332,040.23 40,667,781.74

Impact of 3. on the Company

Changzhou Jiuri is tentatively scheduled to suspend production from January 1, 2023 to September 30, 2023. The company and

The production and operation of other subsidiaries of the company are carried out normally. Changzhou Jiuri's operating income and net profit account for 19.46 and 2.24 of the company's operating income and net profit attributable to shareholders of listed companies from January to September 2022. Changzhou Jiuri's temporary shutdown is expected to have limited impact on the company's overall production and operation.

Measures taken by 4. companies

The company has formulated a work plan for Changzhou Jiuri's temporary shutdown period to ensure that various production requirements can be fully and efficiently met when resuming production, and strive to minimize the impact and losses caused by temporary shutdown. The company will be based on the progress of the temporary suspension of information disclosure obligations in a timely manner, please investors pay attention to investment risks.

It is hereby announced.

Board of Directors of Tianjin Jiuri New Materials Co., Ltd.

March 17, 2023