Haiyou New Materials announced that the company plans to increase the capital of its wholly-owned subsidiary Taizhou Haiyouwei Applied Materials Co., Ltd. by RMB 45 million with its own capital or self-financing. The capital increase was reviewed and approved by the 38th meeting of the fourth board of directors of the company, and there is no need to submit it to the company's shareholders' meeting for consideration. After the capital increase is completed, Taizhou Hiyouwei's registered capital will increase from RMB 150 million to RMB 195 million, and the company's shareholding ratio will remain 100%. This capital increase does not constitute a related transaction, nor does it constitute a major asset restructuring.

Haiyou New Materials announced that the company plans to increase the capital of its wholly-owned subsidiary Taizhou Haiyouwei Applied Materials Co., Ltd. by RMB 45 million with its own capital or self-financing. The capital increase was reviewed and approved by the 38th meeting of the fourth board of directors of the company, and there is no need to submit it to the company's shareholders' meeting for consideration. After the capital increase is completed, Taizhou Hiyouwei's registered capital will increase from RMB 150 million to RMB 195 million, and the company's shareholding ratio will remain 100%. This capital increase does not constitute a related transaction, nor does it constitute a major asset restructuring.