Huayi Group: Plans to acquire 60% equity of Sinaifu with 4.91 billion RMB in cash.

Huayi Group announcement: The company intends to acquire 60% equity of Shanghai Huayi San Ai Fu New Materials Co., Ltd. held by Shanghai Huayi Holdings Group Co., Ltd. in cash, at a transaction price of 4.091 billion yuan. This transaction constitutes a related party transaction and is subject to approval by the company's shareholder meeting. San Ai Fu had operating income of 4.619 billion yuan and net profit of 275 million yuan in 2024. Huayi Group achieved operating income of 44.645 billion yuan in 2024, a year-on-year increase of 9.27%, and net profit attributable to shareholders of 911 million yuan, a year-on-year increase of 5.76%. This transaction does not constitute a major asset restructuring as defined in the "Measures for the Administration of Major Asset Restructuring of Listed Companies."