Galaxy Magnets: Planning to issue shares and pay cash to purchase 100% equity of Sichuan Kyoto Longtai Technology Co., Ltd.

Galaxy Magnet Announcement: The company is planning to issue shares and pay cash to purchase 100% equity of Sichuan Jingdu Longtai Technology Co., Ltd. and raise supporting funds. This transaction will not result in a change of the actual controlling shareholder of the company. The company's stock will be suspended from trading starting on September 15, 2025, and it is expected that the details of this transaction will be disclosed within no more than 10 trading days.