Sotong Development: acquisition of Jia Yu Guan Company's equity at a total price of 500 million yuan

Jinshi data news on October 9th, Soton Development announced that its wholly-owned subsidiary Soton New Momentum intends to acquire 19.53% equity of Jiuquan Prebaked Anode and Jiuquan Carbon Materials, the holding subsidiaries of Dongfang Assets, in cash, with a total price of 500 million yuan. Among them, the transfer price of Jiuquan Prebaked Anode equity is 226 million yuan, and the transfer price of Jiuquan Carbon Materials equity is 274 million yuan. This transaction does not involve related party transactions, has been approved by the board of directors, and does not require a shareholder meeting for approval. After the transaction is completed, the company's shareholding in the holding subsidiaries will increase, which is expected to increase the shareholders' equity and will not have an adverse impact on the company's operations and financial condition.