Dalian Friendship: Planning to invest 200 million yuan to establish Ningbo Hanlian Commodity Limited Company.

Dalian Friendship Announcement, the company intends to invest 200 million yuan in Ningbo Hanlian Materials Co., Ltd. with its own and self-raised funds in order to further expand import and export trade business. The 24th meeting of the 10th Board of Directors of the company has approved the proposal. This external investment matter still needs to be submitted to the shareholders' meeting for approval, and it does not constitute a related party transaction or a major asset restructuring. The newly established subsidiary will conduct business in the fields of bulk commodity supply chain, cross-border e-commerce, import and export trade, etc.