According to the announcement of polyfluoride, the company plans to apply for a credit loan of no more than 210 million yuan and a term of not more than 3 years from CIB New Policy Financial Instruments Co., Ltd. for the construction of the holding subsidiary “Ningfu New Energy Third Plant 20GWh lithium battery project” in Ningfu, Guangxi. After obtaining the loan, the company will use 210 million yuan to purchase Guangxi Ningfu with an additional registered capital of 175 million yuan, the remaining 35 million yuan will be included in the capital reserve, and other shareholders will relinquish their priority subscription rights. After the capital increase is completed, the company's shareholding ratio in Guangxi Ningfu will rise from 77.4494% to 78.5355%. Guangxi Ningfu is still the company's holding subsidiary. Since Li Shijiang, the actual controller of the company, is also the actual controller of Jiaozuo Polyfluoride Industrial Group, the shareholder of Guangxi Ningfu, this transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review.

According to the announcement of polyfluoride, the company plans to apply for a credit loan of no more than 210 million yuan and a term of not more than 3 years from CIB New Policy Financial Instruments Co., Ltd. for the construction of the holding subsidiary “Ningfu New Energy Third Plant 20GWh lithium battery project” in Ningfu, Guangxi. After obtaining the loan, the company will use 210 million yuan to purchase Guangxi Ningfu with an additional registered capital of 175 million yuan, the remaining 35 million yuan will be included in the capital reserve, and other shareholders will relinquish their priority subscription rights. After the capital increase is completed, the company's shareholding ratio in Guangxi Ningfu will rise from 77.4494% to 78.5355%. Guangxi Ningfu is still the company's holding subsidiary. Since Li Shijiang, the actual controller of the company, is also the actual controller of Jiaozuo Polyfluoride Industrial Group, the shareholder of Guangxi Ningfu, this transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review.