Luoyang Northglass Technology (002613.SZ) plans to establish a new company with an employee holding platform, focusing on the manufacturing of industrial equipment such as ceramics outside of the construction industry.

Luoyang Northglass Technology (002613.SZ) announced that in order to seize the market opportunities for the green transformation and intelligent upgrade of industrial equipment manufacturing in relevant fields, according to the company's development strategy, the company plans to invest jointly with Luoyang Beiboo Electric Kiln Technology Partnership Enterprise (Limited Partnership) (referred to as "Employee Shareholding Platform") to establish a holding subsidiary, Luoyang Beiboo High-temperature Electric Kiln Intelligent Equipment Co., Ltd. (referred to as "New Company"), focusing on the industrial equipment manufacturing field of ceramics and other industries besides the construction industry, specializing in the research and development, production operation, and technical support services of electric heating high-temperature industrial electric kilns, electric furnaces, electric drying ovens, electric melting furnaces and other equipment technologies for the aforementioned fields. The registered capital of the New Company is 10 million yuan, of which the company will contribute 7.5 million yuan in cash from its own funds, accounting for 75% of the registered capital, and the Employee Shareholding Platform will contribute 2.5 million yuan in cash, accounting for 25% of the registered capital.