Longpan Technology: The holding subsidiary increased capital and expanded its shares, and the delivery of investors has been completed.

Longpan Technology Announcement, the sixth meeting of the fifth board of directors of the company approved the "Proposal on the capital increase and share expansion of the holding subsidiary and the introduction of investors and the adjustment of the equity structure of the project implementation entity" Constantly invests 440 million yuan in Changzhou Lithium New Energy Technology Group Co., Ltd. through capital increase, of which 61.1694 million yuan is included in the registered capital, and obtains 6.8323% equity after the capital increase. The 3.79 billion yuan exceeding the new registered capital is included in capital surplus. After the transaction is completed, Longpan Technology's ownership of Changzhou Lithium's shares will decrease from 66.4205% to 61.8825%, still being the controlling shareholder.