Guancheng Datong: Acquires a subsidiary's shares for 100 million yuan, extends the remaining investment period by 1 year.

Guancheng Datong announced that in December 2024, Oriental Assets will increase its investment in its subsidiary Datong New Materials by 300 million yuan, subscribing for 98.4 million shares, representing approximately 19.35% of the shares. After negotiation, the company will purchase 1 billion yuan of the remaining 32.8 million shares held by Guangyao Zhi Xintinghua, extending the investment period for the remaining 65.6 million shares by one year. After the transaction is completed, Guangyao Zhi Xintinghua will hold approximately 12.90% of the shares, and the company and its subsidiaries will collectively hold approximately 87.10% of the shares, making the company still the controlling shareholder.