According to Fangda Carbon's announcement, the company plans to invest a total of 20 million yuan in its own cash, each investing 10 million yuan wholly-owned to establish Lanzhou Fangda Carbon Testing Technology Co., Ltd. and Lanzhou Fangda Oene Technology Research Co., Ltd. The foreign investment matter has been reviewed and approved by the 33rd Interim Meeting of the 9th Board of Directors of the Company. There is no need to submit it to the shareholders' meeting for consideration, it does not involve related transactions, and it does not constitute a major asset restructuring. This investment meets the company's strategic planning and business development needs. It will not have a significant adverse impact on the company's financial situation and operating results, and there are still certain market, policy and management risks.

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