Qiaoyuan Co., Ltd. announced that the company used its own capital of 36.65 million yuan to invest in the establishment of a wholly-owned subsidiary, Qiaoyuan Gas Co., Ltd., which recently completed industrial and commercial registration procedures and obtained a business license issued by the Market Supervision Administration of the 7th Division of the Xinjiang Production and Construction Corps. The legal representative is Li Hong, and the date of establishment is September 29, 2026. The establishment of a subsidiary has already gone through internal approval procedures. There is no need to submit it to the board of directors or shareholders' meeting for consideration, it does not involve related transactions, and it does not constitute a major asset restructuring.

Qiaoyuan Co., Ltd. announced that the company used its own capital of 36.65 million yuan to invest in the establishment of a wholly-owned subsidiary, Qiaoyuan Gas Co., Ltd., which recently completed industrial and commercial registration procedures and obtained a business license issued by the Market Supervision Administration of the 7th Division of the Xinjiang Production and Construction Corps. The legal representative is Li Hong, and the date of establishment is September 29, 2026. The establishment of a subsidiary has already gone through internal approval procedures. There is no need to submit it to the board of directors or shareholders' meeting for consideration, it does not involve related transactions, and it does not constitute a major asset restructuring.