Huayang New Materials: The company's main business and existing product system do not involve the field of rare earth permanent magnets.

Jin10 data June 13 news, Huayang New Materials released a notice of unusual movement, the company’s stock price rise is significantly higher than the industry average during the same period, indicating a situation of overly enthusiastic market sentiment; recently, some media have reported the company as a rare earth permanent magnet concept stock. After a comprehensive self-inspection and verification by the company, as of now, the company’s main business and existing product system have not involved the rare earth permanent magnet related fields, nor does it have relevant business layout and technical reserves. Therefore, we clarify that the company does not possess the attributes of rare earth permanent magnet concept.