Zhuhai Richeng New Material: Intends to jointly increase capital by 200 million yuan with affiliates to promote the construction of the second phase 15,000-ton lithium hexafluorophosphate project of Teruilianteng.

Ruize New Material announced that the company plans to increase its capital by RMB 200 million to Tianji's wholly-owned subsidiary Xintai Materials through monetary funds, of which Xintai Materials will contribute RMB 150 million and the company will contribute RMB 50 million. After the capital increase, the company will still hold 25% of the equity of Teruilianteng. The purpose of this capital increase is to promote and complete the construction of the 15,000-ton lithium hexafluorophosphate project in the second phase of Teruilianteng.