ST Jinglan announced that the company plans to acquire 51% of the shares of NORTHWEST VANADIUM HYDRATION LIMITED in South Africa for 1 million US dollars. Its main asset is exclusive vanadium-titanium magnetite mineral exploration rights. After the transaction is completed, the target company will become a holding subsidiary and included in the consolidated statement. As of February 28, 2025, the target company had total assets of ZAR 175,500 and total liabilities of ZAR 612,000. From March 1, 2024 to February 28, 2025, revenue was zero, and net profit was ZAR 101,000. This transaction is not related to a major asset restructuring. It has been reviewed by the board of directors, and there is no need for shareholders' review.

ST Jinglan announced that the company plans to acquire 51% of the shares of NORTHWEST VANADIUM HYDRATION LIMITED in South Africa for 1 million US dollars. Its main asset is exclusive vanadium-titanium magnetite mineral exploration rights. After the transaction is completed, the target company will become a holding subsidiary and included in the consolidated statement. As of February 28, 2025, the target company had total assets of ZAR 175,500 and total liabilities of ZAR 612,000. From March 1, 2024 to February 28, 2025, revenue was zero, and net profit was ZAR 101,000. This transaction is not related to a major asset restructuring. It has been reviewed by the board of directors, and there is no need for shareholders' review.