Tongwei Co., Ltd (600438.SH): The relevant matters with Runyang Stock are still in progress.

Tongwei Co., Ltd (600438.SH) announcement, the company has noted recent media reports on the partial shutdown of production capacity of Jiangsu Runyang New Energy Technology Co., Ltd. ("Runyang Co., Ltd"). The company had previously disclosed its intention to acquire at least 51% of the equity of Runyang Co., Ltd through capital increase and acquisition of relevant shareholder equity, and the related matters are still in progress. On August 14, 2024, the company disclosed the "Announcement of Tongwei Co.,Ltd Co., Ltd on the Signing of Intentional Agreement on Capital Increase with Jiangsu Runyang New Energy Technology Co., Ltd and Related Parties." After the signing of the agreement, the company immediately organized business teams and related intermediaries to conduct comprehensive due diligence, audit, and evaluation of Runyang Co., Ltd. As of now, the related work is still ongoing, and the parties involved in the transaction are continuing negotiations on the transaction-related matters. There is a possibility of adjustments or termination of the original transaction plan; during the negotiation process, the parties involved are actively exploring other integration solutions.