Longpan Co., Ltd.'s subsidiary Changzhou Lithium Source increased its capital and expanded its shares to introduce new investor Kunlun Industrial Finance

Longpan Co., Ltd. announced that its holding subsidiary Changzhou Lithium Source plans to introduce a new investor, Kunlun Industrial Finance, through capital increase and share expansion. Kunlun Industrial Finance plans to invest approximately RMB 285 million, of which approximately RMB 428.58091 million will be included in the registered capital of Changzhou Lithium Source. After this transaction, the registered capital of Changzhou Lithium Source increased to approximately RMB 779 million, and Longpan Technology maintained its position as the controlling shareholder, holding 64.0264% of the shares.