Jiarui International introduces new investors and seeks business cooperation opportunities

The directors of Jiarui International said that the introduction of a new investor will bring multiple benefits to the Group. Due to the background of Mr. Zhang, the ultimate beneficial owner of the Buyer, and his extensive business network and connections, the Group is expected to discover new business cooperation opportunities in this field. With Mr. Zhang's experience and network, the Group believes that it can improve the target company's operating efficiency and enrich its product portfolio. In particular, the directors of Jiarui International believe that through Mr. Zhang's connections, it can reduce the production cost of magnesium alloy materials, improve production efficiency, and comprehensively enhance the comprehensive competitiveness of its products.