Muyuan Holding: Has established an overseas business team and is actively researching overseas markets.

Muyuan shares at the half-yearly report meeting stated that the company has established an overseas business team, actively exploring overseas markets. After conducting surveys in some countries and regions, the company believes there are development opportunities in overseas markets and hopes to replicate the verified technology and cost advantages from the domestic market to overseas markets with high growth potential. Currently, the company is building a local team, conducting in-depth research on the local market environment. In the future, they will choose multiple ways to conduct international business based on the actual situation in various regions, exploring not only asset-light models but also diversification models such as building new production capacity overseas and targeted mergers and acquisitions.