LuYin Investment: The holding subsidiary plans to increase its capital and introduce strategic investors, with the capital increase amount not less than 333 million yuan.

Lu Yin Investment Announcement: The companys controlling subsidiary, Lu Yin Salt Industry Co., Ltd., plans to increase its capital and expand its shares through a public listing method, with the intention of introducing one strategic investor through a competitive selection process. The amount of capital increase will not be less than 333 million yuan. The company and the other two shareholders of Heze Salt Industry will waive their preemptive rights for this capital increase. This capital increase has been approved by the board of directors and does not require submission for shareholder meeting review. The transaction counterparty has not yet been determined, and there is uncertainty about whether it constitutes a related party transaction.