North Glass Group: Plans to establish a controlling subsidiary with a capital of 7.5 million yuan, focusing on the industrial equipment sector.

North Glass announced that the board of directors meeting will be held on December 22, 2025 to review and approve the proposal to establish a holding subsidiary through external investment. The company plans to jointly invest 10 million yuan with the employee shareholding platform to establish Luoyang North Glass High-temperature Electric Kiln Intelligent Equipment Co., Ltd., focusing on industrial equipment manufacturing in areas other than the construction industry, such as ceramics. The company will contribute 7.5 million yuan from its own funds, accounting for 75%, while the employee shareholding platform will contribute 2.5 million yuan, accounting for 25%. This investment does not constitute a major asset restructuring and does not require approval from the shareholders' meeting or relevant departments. The establishment of the new company may face risks related to policies, markets, etc.