Yoyou Group: Investment in setting up a wholly-owned subsidiary Yoyou in Guangdong with a registered capital of 500 million yuan.

Announcement from Youfa Group: The company held a board meeting on February 4, 2026, and approved the proposal to invest in the establishment of a wholly-owned subsidiary, Guangdong Youfa Pipe Technology Co., Ltd. The registered capital is 500 million RMB, which will be paid in cash.