Luyin Investment announced that Luyin Salt Co., Ltd., the holding subsidiary of the company, plans to increase capital and expand shares through public listing and introduce a strategic investor on merit. The capital increase amount is not less than 333 million yuan. The company and two other shareholders of Heze Salt have given up their priority subscription rights for this capital increase. The capital increase has been reviewed and approved by the board of directors. There is no need to submit it to the shareholders' meeting for review. The counterparty to the transaction has not yet been determined, and there is uncertainty as to whether it constitutes a related transaction.

Luyin Investment announced that Luyin Salt Co., Ltd., the holding subsidiary of the company, plans to increase capital and expand shares through public listing and introduce a strategic investor on merit. The capital increase amount is not less than 333 million yuan. The company and two other shareholders of Heze Salt have given up their priority subscription rights for this capital increase. The capital increase has been reviewed and approved by the board of directors. There is no need to submit it to the shareholders' meeting for review. The counterparty to the transaction has not yet been determined, and there is uncertainty as to whether it constitutes a related transaction.