According to the announcement of Youyan Powder, the company plans to increase the capital of its wholly-owned subsidiary Youyan Thailand by 185.53 million yuan with its own capital. The capital increase price is 1 yuan/yuan of registered capital. Of this capital increase, 120.73 million yuan was used for the construction of atomized powder production lines, and 64.8 million yuan was used to supplement working capital. After the capital increase is completed, Youyan Thailand's registered capital will increase from 495 million baht to 1,42005 billion baht, and the company's shareholding ratio will increase from 84.82% to 94.79%. The capital increase has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration. Domestic ODI filing and other procedures are still required, and there are risks such as failure to pass approval.

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