Tang Yuan Electric announced that the company previously planned to transfer 41% of its Panxi Vanadium and Titanium shares to Zaixing Vanadium and Titanium for RMB 198818 million, and the relevant matters have been reviewed and approved by the shareholders' meeting; at present, the company has received the first price of RMB 10.1397 million. Panxi Vanadium and Titanium has completed business filing procedures such as shareholder pledge adjustments, constitutional amendments, and changes of directors and senior management personnel. The company's shareholding was reduced to 16%. It is no longer included in the scope of the consolidated statement. The second installment of RMB 9.742,000 will be paid before November 30, 2026.

Tang Yuan Electric announced that the company previously planned to transfer 41% of its Panxi Vanadium and Titanium shares to Zaixing Vanadium and Titanium for RMB 198818 million, and the relevant matters have been reviewed and approved by the shareholders' meeting; at present, the company has received the first price of RMB 10.1397 million. Panxi Vanadium and Titanium has completed business filing procedures such as shareholder pledge adjustments, constitutional amendments, and changes of directors and senior management personnel. The company's shareholding was reduced to 16%. It is no longer included in the scope of the consolidated statement. The second installment of RMB 9.742,000 will be paid before November 30, 2026.