Lianlong: Intends to purchase 30% equity of Lianlong Kerun for 78 million yuan, and intends to purchase 31.2644% equity of Lianlong Chifeng for 68.7815 million yuan.

Announcement by Lianlong: In order to further strengthen the management level of its holding subsidiaries and improve decision-making efficiency, the company plans to acquire 30% equity of Lianlong Kerun in cash, with a transaction price of 78 million yuan. After the transaction is completed, the company's ownership of Lianlong Kerun will increase from 70% to 100%. The company also plans to acquire 31.2644% equity of Lianlong Chifeng in cash, with an acquisition price of 68.7815 million yuan. After this transaction is completed, the company's ownership of Lianlong Chifeng will increase from 53.7356% to 85.00%.