Guoanda plans to increase its investment in Shenzhen Kewaitai Industrial Development Co., Ltd. and acquire its controlling stake.

Guo Anda Announcement: It is proposed to acquire an additional 31.21% equity interest in Shenzhen Kewaitai Industrial Development Co., Ltd., a joint stock company, through capital increase with its own or self-raised funds. The consideration for this capital increase is 104 million yuan, of which 26.6 million yuan will be included in the registered capital, and the remaining amount will be included in capital surplus. If the capital increase is completed, the company's equity interest in Kewaitai will increase from 19.81% to 51.02%, making Kewaitai a subsidiary of the company and included in the company's consolidated financial statements. The Board of Directors of the company proposes that the shareholders' meeting authorize the General Manager of the company and his authorized representatives to sign the relevant capital increase agreements and handle related matters.