According to Huaxin Technology's announcement, Anhui Huaxin Jintong Environmental Protection Technology Co., Ltd., the holding subsidiary of the company, plans to acquire 100% of the shares of Anhui Ruiyi Environmental Technology Co., Ltd. with its own funds. After the acquisition is completed, Ruiyi Environmental Protection will be included in the scope of the company's consolidated statements. This transaction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration. Currently, the acquisition agreement has not been signed, and there is still uncertainty about related matters. The acquisition will help the company expand the layout of the recycled cathode copper industry and enhance its overall competitiveness in the field of recycled copper and precious metals.

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