Qinghai Huading announced on the evening of October 18 that the company plans to use a cash capital increase of 508.38,800 yuan to acquire 51% of Mangya Yuanxin Energy Co., Ltd. Mangya Yuanxin is a company engaged in the operation and management of CNG gas stations and LNG gas stations in accordance with the law. It has an excellent geographical location and is a transportation hub for entry and exit from Xinjiang to the mainland. After this capital increase, Mangya Yuanxin will be used as a platform and opportunity to use its superior logistics channels and geographical location to optimize procurement and sales prices by opening up upstream and downstream gas sources and increasing the layout of gas stations, and vigorously enhance Mangya Yuanxin's operating income and profit level, while further promoting the company's layout planning in the clean energy industry and accelerating the company's transformation, upgrading and development.

Qinghai Huading announced on the evening of October 18 that the company plans to use a cash capital increase of 508.38,800 yuan to acquire 51% of Mangya Yuanxin Energy Co., Ltd. Mangya Yuanxin is a company engaged in the operation and management of CNG gas stations and LNG gas stations in accordance with the law. It has an excellent geographical location and is a transportation hub for entry and exit from Xinjiang to the mainland. After this capital increase, Mangya Yuanxin will be used as a platform and opportunity to use its superior logistics channels and geographical location to optimize procurement and sales prices by opening up upstream and downstream gas sources and increasing the layout of gas stations, and vigorously enhance Mangya Yuanxin's operating income and profit level, while further promoting the company's layout planning in the clean energy industry and accelerating the company's transformation, upgrading and development.