Heyuan Gas announced that the company plans to acquire 15.79% of the shares of Kaiyi Technology's holding subsidiary and Yuanxin Materials in cash, with a transaction consideration of about 378 million yuan. The final price is calculated based on Kaiyi Technology's investment costs plus a fixed interest rate. The interest calculation period starts from the date of actual investment until the date of capital delivery. After the transaction was completed, Kaiyi Technology no longer holds shares in Heyuan New Materials. 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. After all the ongoing acquisitions of shares in Xingyuan Fund, Wuhan Changniu, and Yuanxin Materials are completed, the company will hold 100% of Heyuan New Materials's shares, which will not lead to a change in the scope of the consolidated statement.

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