Reliable Corporation: Intends to sign a letter of intent for equity acquisition.

Reliable Corporation Announcement: The company recently signed a "Equity Acquisition Intention Agreement" with Hanhe Paper and its shareholder Wu Jie. The company plans to acquire not less than 60% of the target company's equity in cash and achieve control of Hanhe Paper. The overall valuation of 100% equity of the target company is tentatively set at no more than RMB 650 million. The valuation of 100% equity of the target company and the final pricing of this transaction shall be based on the audit evaluation report and the formal signed acquisition agreement.