On 31 December 2021, the China Isotope & Radiation Corporation entered into the Investment Agreement regarding the establishment of CNNC Qinshan Isotope Co. Ltd. with CNNC Nuclear Power Operation Management Company and Haiyan State-owned Assets Investment Company. As at the date of this announcement, CNNC, which directly and indirectly holds approximately 73.83% of the total issued share capital of the Company through Atomic Energy Institute, Nuclear Power Institute, CNNC Fund, 404 Company and B.Y. Investment, is the controlling shareholder of the Company. CNNC holds 64.11% equity interest in China National Nuclear Power Co., Ltd, which holds 100% equity interest in CNNC Nuclear Operation Management Company. Therefore, CNNC Nuclear Operation Management Company is a connected person of the Company under Chapter 14A of the Listing Rules. Therefore, the entering into the Investment Agreement and the transaction contemplated thereunder constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules. On 31 December 2021, the Company entered into the Investment Agreement regarding the establishment of CNNC Qinshan Isotope Co. Ltd. with CNNC Nuclear Operation Management Company and Haiyan State-owned Assets Investment Company. Name of the Joint CNNC Qinshan Isotope Co. Ltd., the final name shall be Venture Company: the name approved by the registration authority.