Dalian Electric Porcelain: Wholly-owned subsidiary acquired 87.7193% equity stake in Luxi Porcelain.

Dalian Electric Porcelain announced that, based on the comprehensive consideration of the partners' business and development needs, and with the unanimous consent of all partners, Lu Xi Electric Porcelain Industry Fund will transfer 87.7193% of the capital contribution held by Lu Xi Da Ci to the company's wholly-owned subsidiary, Da Ci Materials. After the transfer, Lu Xi Electric Porcelain Industry Fund will no longer be a partner, and its rights and obligations will be inherited by Da Ci Materials. Recently, Lu Xi Da Ci completed the business registration change procedures and remains a controlling partner enterprise within the company's consolidated financial statements scope. This transfer will not have a significant adverse impact on the company's finances, operations, and existing investment projects.