Huayuan Holdings: The company's actual shareholding in Gude Electric Materials is relatively low.

On March 19th, Huayuan Holdings stated on the interactive platform that its subsidiary, Suzhou Huayuan Entrepreneurship Investment Partnership, indirectly invested in Guder Electronic Materials System Co., Ltd. through a chain of equity. After multiple layers of equity penetration calculation, the company's actual stake in Guder Electronic Materials is relatively low. This investment is part of its normal financial investment activities and will not have a significant impact on the production and operation of the listed company.