Youyan New Materials announced that the company plans to transfer 45% of the shares of Youyan Rare Earth New Materials Co., Ltd. and 51% of the shares of Youyan Guo Jinghui New Materials Co., Ltd. to China Youyan Technology Group Corporation through a private agreement. Among them, the transfer price of 45% of Youyan Rare Earth's shares was 454 million yuan, and the transfer price of 51% of Youyan Guo Jinghui's shares was 243 million yuan. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The transaction capital comes from China's own research and development funds, and there are no cases where funds raised are used.

Youyan New Materials announced that the company plans to transfer 45% of the shares of Youyan Rare Earth New Materials Co., Ltd. and 51% of the shares of Youyan Guo Jinghui New Materials Co., Ltd. to China Youyan Technology Group Corporation through a private agreement. Among them, the transfer price of 45% of Youyan Rare Earth's shares was 454 million yuan, and the transfer price of 51% of Youyan Guo Jinghui's shares was 243 million yuan. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The transaction capital comes from China's own research and development funds, and there are no cases where funds raised are used.