Yu Yanxin Materials: Listing to transfer related assets of lithium hydroxide business, minimum price of 110 million yuan.

Yoyan New Materials announced that its holding subsidiary Yoyan Rare Earth plans to transfer assets related to lithium sulfide business through the property rights exchange, including related patents, proprietary technology, and equipment. The minimum listed price is not less than the evaluated value of the assets at 110 million yuan. This transaction will be conducted through public listing and the counterparty has not yet been determined, therefore it does not constitute a related party transaction. This transaction does not constitute a major asset restructuring and has been approved by the 9th Board of Directors of the company at its 13th meeting, but still needs to be submitted for approval at a shareholder meeting.