Dailong: Increase the investment amount for the expansion and renovation project of the factory to 350 million yuan.

Da Yilong announced that the company plans to invest no more than 250 million yuan in August 2024 to expand and renovate some of its factory buildings. During the implementation process, in order to meet production needs and development plans, the plan was adjusted and optimized, and the investment amount is expected to increase from 250 million yuan to 350 million yuan. On February 5th, the 9th Board of Directors' 11th meeting approved the proposal. This increase in investment is within the approval authority of the Board of Directors, does not constitute related party transactions or major asset restructuring. The increased investment will improve the use of space and production capacity, although it will increase costs, it will not affect normal operations. The project faces risks such as progress, costs, and market demand, but the company will actively control and prevent them.