Subsidiary Inner Mongolia Luyang, a company under Luyang Energy-Saving Materials (002088.SZ), is estimated to need to make up a total of 59.04 million yuan in value-added tax and overdue fines.

Luoyang Energy Saving (002088.SZ) announced that on September 23, 2024, its wholly-owned subsidiary Inner Mongolia Luoyang Energy Saving Materials Co., Ltd. (hereinafter referred to as "Inner Mongolia Luoyang") received a "Tax Inspection Notice" (Hu Shui Ji Er Jian Tong [2024] No. 46) from the Second Inspection Division of the Hohhot Taxation Bureau of the State Administration of Taxation for tax inspection of Inner Mongolia Luoyang's tax-related matters during the period from January 1, 2021 to December 31, 2023. It is estimated that a total of approximately RMB 59.04 million in value-added tax and overdue fines will need to be paid.