Hualian Holdings: Intends to acquire 100% stake of overseas company for $175 million.

Hualian Holdings announced that it plans to acquire 100% of the shares of Argentum Lithium S.A. held by the target company for approximately $175 million in cash on December 22, 2025, obtaining an 80% interest in the Arizaro project. The transaction does not constitute a related party transaction or a major asset restructuring, and still requires shareholder approval. In order to protect the interests of minority shareholders, the company plans to hire an intermediary to conduct due diligence and evaluation on the target assets. As of the disclosure date of the announcement, the audit, evaluation, and overseas investment approval work are progressing, and the company has signed a deposit custody agreement and transferred the deposit into the custody account. There are uncertainties in the implementation of the transaction.