Dongmu Co., Ltd. announced that the company plans to jointly fund the establishment of Dongmu New Materials Co., Ltd. in Thailand with its affiliate Fangmu Metals and invest in the construction of a new material production base. The project will be built in batches within 5 years, and the total investment is expected to be no more than 333 million yuan, of which the company will invest no more than 300 million yuan. The registered capital of the target company is 20 million US dollars equivalent to Thai baht. The company's investment accounts for 90%, and Mutual Metal accounts for 10%. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it still needs to be filed or approved by the national and local authorities in Thailand.

Dongmu Co., Ltd. announced that the company plans to jointly fund the establishment of Dongmu New Materials Co., Ltd. in Thailand with its affiliate Fangmu Metals and invest in the construction of a new material production base. The project will be built in batches within 5 years, and the total investment is expected to be no more than 333 million yuan, of which the company will invest no more than 300 million yuan. The registered capital of the target company is 20 million US dollars equivalent to Thai baht. The company's investment accounts for 90%, and Mutual Metal accounts for 10%. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it still needs to be filed or approved by the national and local authorities in Thailand.