Can't find file for asset 'xxx' while loading NULL

I have a project made by UE4.10, then make a copy to UE4.12.5

There is a material folder in : game\materials

For some resean , i move this folder to game\YBF\materials , then fix all redirectors

When reopening the project ,OutputLOG says: Can’t find file for asset ‘/Game/Material/M_woshi1_penzai_02’ while loading NULL.

I found that the materials of the static mesh assigned in StaticMeshEditor have all been lost

The materials of the static mesh assigned in current level are there still

Did you ever figure this out? Having the same issue.