Guangxi Ningfu New Energy Technology Co., Ltd. announced that it will receive CNY 1,610,380,000 in an equity round of funding on October 17, 2023. The transaction will include participation from returning investors Do-Fluoride New Materials Co., Ltd. for CNY 1,488,100,000 for 70.2916% stake and Nanning Kesheng Energy Power Investment Fund Partnership Enterprise (Limited Partnership) for CNY 122,280,000 for 22.0156% stake. The transaction was approved by the board of directors of Do-Fluoride New Materials Co., Ltd. at its 12th Meeting of the Company?s 7th Directorate and is subject to the Shareholders?

Approval.