Yongjie New Materials: Major asset purchase passed anti-monopoly review, still needs shareholder approval meeting.

Yongjie New Materials announced that the company is planning to purchase the relevant assets of Oakining Investment Limited with cash, including 100% equity of Oakining Aluminum Industry Limited and 95% equity of Oakining Aluminum Industry Limited, which is expected to constitute a major asset restructuring. Recently, the company received a decision from the State Administration for Market Regulation stating that no further review is necessary for this transaction through the anti-monopoly review. As of the disclosure date of the announcement, the auditing, evaluation, and other work have not been completed, and the transaction still needs to be approved by the company's shareholders' meeting, so there is uncertainty.