Luyin Investment: Subsidiary plans to introduce Wanhua Battery for a capital increase of approximately 333 million yuan.

Luyin Investment announced on September 15 that from August 6, 2026 to September 2, 2026, the "Luyin Salt Industry Co., Ltd. Capital Increase and Share Expansion Project" completed its public listing process at the Shandong Property Rights Exchange Center, with Wanhua Chemical Battery Industry Co., Ltd. confirmed as the investor. The investor's capital increase amount is approximately RMB 333 million. After the completion of this capital increase, the registered capital of Luyin Salt Industry Co., Ltd. will increase from RMB 500 million to RMB 833 million. Luyin Investment will hold a 40.2% equity interest in Heze Salt Industry, and Heze Salt Industry will remain a controlled subsidiary of Luyin Investment. All parties have signed the Capital Increase Agreement and the Shareholders Agreement. This transaction does not constitute a related-party transaction or a major asset restructuring, and still requires approval from the State Administration for Market Regulation for concentration of undertakings.