Dragon Magnetic Technology announced that shareholders Huo Jundong, Wang Can, Zheng Minghua, and Shanghai Woyu, the holding subsidiary of the company, plan to transfer 43.6654% of their total shares in Enwo New Energy to Xiong Yonghong, the company's actual controller and chairman at a price of 57.196,500 yuan. The transfer price will all be used to pay performance compensation. The company plans to relinquish priority purchasing rights under the same conditions. This transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and the relevant directors have avoided voting. After the transaction was completed, the company's shareholding ratio in Envo New Energy was still 51.4285%. The scope of the consolidated statement remained unchanged, and control rights were not affected. The transaction still needs to be completed with the relevant shareholder procedures of Envo New Energy, and there is uncertainty about whether it will be completed.

Dragon Magnetic Technology announced that shareholders Huo Jundong, Wang Can, Zheng Minghua, and Shanghai Woyu, the holding subsidiary of the company, plan to transfer 43.6654% of their total shares in Enwo New Energy to Xiong Yonghong, the company's actual controller and chairman at a price of 57.196,500 yuan. The transfer price will all be used to pay performance compensation. The company plans to relinquish priority purchasing rights under the same conditions. This transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and the relevant directors have avoided voting. After the transaction was completed, the company's shareholding ratio in Envo New Energy was still 51.4285%. The scope of the consolidated statement remained unchanged, and control rights were not affected. The transaction is still subject to Enwo New Energy's relevant shareholder procedures, and there is uncertainty about whether it can be completed.