On December 3, Sichuan Jinding announced that the company and Beichuan Yuchuang Sanyuan Development Group Co., Ltd. jointly established Beichuan Yuding New Material Technology Co., Ltd. The registered capital
of Yuding New Material is RMB 58.43 million, of which RMB 29.8 million is subscribed by the Company, accounting for 51% of the shares, and RMB 28.63 million is subscribed by Sanyuan Group, accounting for 49% of the shares.
This investment will increase the scope of the company's consolidated statements. Yuding New Materials completed the industrial and commercial registration on November 21, 2024, and the company has not actually paid the subscribed capital contribution at present. This external investment does not involve related party transactions, nor does it constitute a major asset reorganization, and does not need to be submitted to the shareholders'meeting for consideration within the scope of the board's consideration authority. According to
the data, the business scope of Chuanyuding New Material Technology Co., Ltd. includes: general items: manufacturing of high-performance fibers and composite materials; sales of high-performance fibers and composite materials; technical services, technical development, technical consultation, technical exchange, technical transfer and technical promotion; sales of non-metallic minerals and products. (Except for projects that must be approved according to law, business activities shall be carried out independently according to law with business licenses.) Permitted projects: mining of mineral resources in non-coal mines. (Projects that must be approved according to law can only be carried out after being approved by relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments).
