Yiqiu Metal: Wholly-owned subsidiary purchases assets related to the recycling of scrap metal for 24.6 million yuan.

Yi Qiu Metal announced that its wholly-owned subsidiary, Company M, recently signed an "Asset Purchase Agreement" with SA Company and PSC Company to purchase assets related to the scrap metal recycling business for approximately 24.6 million yuan, including land, factory buildings, and others. This transaction was made within the approval authority of the chairman and does not constitute a related-party transaction or a significant asset restructuring. The funding source is from its own funds. This acquisition will expand the procurement coverage radius, improve operational efficiency, and enhance market position and bargaining power.