Joint Force Sky Initiative: Holding Subsidiary Intends to Increase Capital of Its Wholly-Owned Subsidiary by 549 Million Yuan.

Tongli Tianqi announced that in order to meet the production and operation needs of Qiyuan Weichang, its controlling subsidiary Tianqi Hongyuan plans to increase the capital of Qiyuan Weichang by 549 million yuan with its own funds. After the capital increase, the registered capital of Qiyuan Weichang will be changed from 1 million yuan to 550 million yuan, and it will still be a wholly-owned subsidiary of Tianqi Hongyuan. This capital increase was approved at the seventh interim meeting of the third board of directors of the company, and does not meet the standards for shareholder approval, so it does not constitute a related party transaction or a major asset restructuring. However, the future operation of Qiyuan Weichang may be affected by various factors, and there may be risks of investment returns not meeting expectations.