Xiamen Tungsten: Plans to transfer 47% equity of Ganzhou Haopeng to Xiamen Tungsten New Energy for 120 million yuan.

Xiamen Tungsten Industry Announcement: The company plans to transfer its 47% equity stake in Ganzhou Haopeng to its controlling subsidiary Xiamen Tungsten New Energy. The transfer price is 120 million yuan. The transaction has been approved by the board of directors and does not require approval by the shareholders' meeting.