Longao Group: Zijin Nan Investment intends to acquire a 4.37% equity stake in the controlling shareholder of the company.

Longgao Holdings announced that it has received notification from its controlling shareholder, Longyan Investment Development Group Co., Ltd., that the State-owned Assets Supervision and Administration Commission of Longyan City has signed a "Equity Transfer Contract" with Zijin Mining Group Southern Investment Co., Ltd. The State-owned Assets Supervision and Administration Commission of Longyan City intends to transfer its 4.37% equity stake in Longyan Investment Development Group Co., Ltd. to Zijin Southern Investment at a transfer price of 398 million yuan. After this transaction is completed, there will be no substantial changes to the controlling shareholder and actual controller of the company. The State-owned Assets Supervision and Administration Commission of Longyan City will remain the actual controller of Investment Development Group, Investment Development Group, and the company.