According to Longhua New Materials's announcement, Longhua High Materials, a holding subsidiary of the company, plans to increase capital by 112 million yuan to Beijing Keyi Advanced Materials Co., Ltd., of which 1.9412 million yuan will be included in the registered capital, and the remaining portion will be included in the capital reserve. After the capital increase is completed, Longhua High Materials will hold 66% of Beijing Keyi's shares, and Beijing Keyi will also become the company's controlling subsidiary. Beijing Science will also fully invest 100 million yuan from the capital increase to set up a subsidiary in Gaoqing County as the main producer and operator of high-purity tungsten hexafluoride and other electronic specialty gas products, and also set up a research institute. This investment does not constitute a related transaction or major asset restructuring. The project still needs to be approved by the relevant government departments, and there is uncertainty.

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