Yongjie New Materials: Completed some of the fundraising investment projects; 131,000 yuan of surplus funds will be used for technological transformation projects.

Yongjie New Materials announced that the three fundraising projects, including the acquisition of 100% equity of Aokeningke Qinhuangdao and 95% equity of Aokeningke Kunshan, have all been completed, resulting in unused raised funds of 131,000 yuan, which will be fully allocated to the annual production of 45,000 tons of high-precision aluminum foil for lithium batteries technical reform project. Since the remaining funds are below 1 million yuan and less than 5% of the promised investment amount for the project, there is no need to submit for board review. In addition, the company has completed the account cancellation procedures for the fundraising special accounts at CITIC Bank and two other banks.