Yongjie New Materials: Intends to pay cash to purchase assets.

Yongjie New Materials announced that the company intends to pay cash to purchase 100% equity of Okening Qinhuangdao held by Okening China and 95% equity of Okening Kunshan. The consideration for the purchase of 100% equity of Okening Qinhuangdao is an amount equivalent to 86 million US dollars in Renminbi, and the consideration for the purchase of 95% equity of Okening Kunshan is an amount equivalent to 89 million US dollars in Renminbi. The funds for this transaction will come from self-owned funds, acquisition loans, and the proceeds from the previous fundraising after change of use. After the transaction is completed, Yongjie New Materials' operating income will increase from 9.641 billion yuan to 15.374 billion yuan, and the net profit attributable to the parent company's shareholders will increase from 415 million yuan to 580 million yuan.