According to the Shanhe Intelligence announcement, Hunan Bobang Shanhe New Materials Co., Ltd., the holding subsidiary of the company, plans to increase capital and expand shares by means of a private agreement between the original shareholders to increase capital and introduce public listing in the property rights market to introduce social investors. Social investors are publicly solicited through the Guangzhou Property Exchange. The total amount of capital increase is not less than 200 million yuan, and the subscription price for each additional registered capital is not less than 3 yuan; the company participated in the capital increase through a private agreement, at the same price as social investors. The amount of capital increase did not exceed 49% of the total capital increase, and the maximum subscription amount did not exceed 210 million yuan. Other original shareholders relinquished their priority subscription rights. After the capital increase was completed, the company remains a shareholder of Bobang Shanhe Holdings, and the scope of the consolidated statement remains unchanged. This capital increase does not constitute a major asset restructuring, and there is still uncertainty about the final capital increase party, amount and ratio.

According to the Shanhe Intelligence announcement, Hunan Bobang Shanhe New Materials Co., Ltd., the holding subsidiary of the company, plans to increase capital and expand shares by means of a private agreement between the original shareholders to increase capital and introduce public listing in the property rights market to introduce social investors. Social investors are publicly solicited through the Guangzhou Property Exchange. The total amount of capital increase is not less than 200 million yuan, and the subscription price for each additional registered capital is not less than 3 yuan; the company participated in the capital increase through a private agreement, at the same price as social investors. The amount of capital increase did not exceed 49% of the total capital increase, and the maximum subscription amount did not exceed 210 million yuan. Other original shareholders relinquished their priority subscription rights. After the capital increase was completed, the company remains a shareholder of Bobang Shanhe Holdings, and the scope of the consolidated statement remains unchanged. This capital increase does not constitute a major asset restructuring, and there is still uncertainty about the final capital increase party, amount and ratio.