Core Viewpoint - The controlling shareholder of Shangwei New Materials is planning a significant matter that may lead to a change in the company's control, resulting in the suspension of its stock trading [1][3]. Summary by Sections Shareholder Information - As of the end of Q1 this year, the largest shareholder of Shangwei New Materials is Shangwei Enterprise Co., Ltd., holding 258,229,392 shares, which accounts for 64.02% of the total share capital [3][4]. Financial Performance - In Q1 of this year, Shangwei New Materials achieved a revenue of 369 million yuan, representing a year-on-year growth of 10.65%. The net profit attributable to the parent company was 22.55 million yuan, up 22.26% year-on-year [5][6]. Business Focus - The company specializes in the research, production, and sales of new materials, including environmentally friendly high-performance corrosion-resistant materials, materials for wind turbine blades, and new composite materials. Key products include vinyl ester resins, specialty unsaturated polyester resins, and various resins for wind turbine blades and rail transit safety materials [4][6]. Market Strategy - Shangwei New Materials is focusing on expanding its overseas revenue and promoting circular economy materials. The company is actively increasing production capacity in Europe to meet local customer demand and reduce uncertainties related to shipping and delivery times [6].