Yixing Chuangju Electronic Materials Co., Ltd. announced that it has entered into a capital increase agreement and it will receive CNY 321,000,000 in an equity round of funding on December 29, 2023. The transaction will include participation from new investors, Rianlon Corporation for CNY 200,000,000 accounting for 51.1838% stake, Yixing Fangjing Import and Export Co., Ltd. for CNY 32,000,000 accounting for 8.1894% stake, Yixing Lishida Technology Co., Ltd. for CNY 8,650,000 accounting for 2.2137% stake, Hong Kong Haiyan International Co., Ltd. for CNY 24,000,000 accounting for 6.1421% stake, Jin Ding Feng Co., Ltd. for CNY 24,000,000 accounting for 6.1421% stake, Tianjin Haitang Venture Capital Partnership (Limited Partnership) for CNY 10,000,000 accounting for 2.5592% stake, Shanghai Juzhaomi Consulting Management Partnership (Limited Partnership) for CNY 13,500,000 accounting for 3.4549% stake and Tianjin Juchuanglong Enterprise Management Partnership (Limited Partnership) for CNY 8,850,000 accounting for 2.2649% stake. The funds raised through capital increase agreement of which CNY 4,602,241 is included in the registered capital and CNY 316,397,759 in included in the capital reserve.

The transaction has been reviewed and approved at the 11th meeting of the 4th board of directors and the 10th meeting of the 4th board of supervisors by Rianlon Corporation and does not need to be submitted to the shareholders' meeting for review.