Kanglongda: Intends to sell 100% of its shares in Suay Chin to NIANGADOU for a transaction price of 7.0467 million pounds.

Kang Longda announced that the company and its wholly-owned subsidiary Jinhao New Materials signed a "Share Sale Agreement" with NIANGADOU for the sale of 100% equity of their wholly-owned subsidiary Tai'an Xinchang and Hu Yanxia to NIANGADOU. The transaction price is 7.0467 million pounds. Tai'an Xinchang holds a 51% equity in Suay Chin, and Hu Yanxia holds a 49% equity in Suay Chin. After this transaction is completed, the company will no longer hold any equity in Suay Chin, and Suay Chin will no longer be included in the company's consolidated financial statements.