What is the situation of the company’s acquisition of Jiangsu Zhongyi?

Huayang Group's answer: Jiangsu Zhongyi was established in 2002. Its main business is automotive magnesium and aluminum alloy die-casting parts. Its main customers are Bosch, ThyssenKnuber, Huawei, etc. The company acquired Jiangsu Zhongyi in the third quarter of 2021, focusing on lightweighting of automobiles, deploying in the Yangtze River Delta, expanding the magnesium alloy product line, and further enhancing the comprehensive competitiveness of precision die-casting business. At present, the management system and mechanism of Jiangsu Zhongyi are constantly being improved and optimized, and the integration and development trend with the company is good.