der future science and technology holding group announced that its wholly-owned subsidiary der hess graphene technology (Suzhou) co., ltd. signed an "investment intention agreement" with der group limited, shi Xudong, Xu Hongshu on October 20. der hess intends to invest no more than 0.28 billion yuan in Zhalute Banner der graphene mining co., ltd., including but not limited to capital increase or equity transfer. The final transaction price will be determined by referring to the value of 100% equity of the target company on the evaluation base date as evaluated by a third-party evaluation institution with securities qualifications and documented in the asset appraisal report, to be negotiated and confirmed by all parties. This transaction constitutes a related party transaction.