Luyin Investment Completes Salt Unit Listing as Wanhua Chemical Battery Arm Invests RMB 333 Million for 60%

Luyin Investment announced on September 15, 2026 that the capital increase and share expansion project of Luyin (Heze) Salt Industry Co. , Ltd. completed its public listing process at the Shandong Property Rights Exchange Center between August 6 and September 2, 2026. Wanhua Chemical (Yantai) Battery Industry Co. was confirmed as the investor, with an investment amount of approximately RMB 333 million.

After the capital increase, the registered capital of Luyin (Heze) Salt Industry Co. will increase from RMB 500 million to RMB 833 million. Luyin Investment will hold 40.2% of its equity, and Heze Salt Industry will remain a controlled subsidiary of Luyin Investment. The parties have signed a Capital Increase Agreement and a Shareholders Agreement.

The transaction does not constitute a related-party transaction or a major asset restructuring, and still requires merger control approval from the State Administration for Market Regulation.