Youngy Co., Ltd. announced that it plans to invest 0.1 billion yuan to establish a wholly-owned subsidiary, Lanzhou Youngy Material Technology Co., Ltd., engaging in the business related to lithium-ion battery anode material. This investment was approved by the board of directors on November 19, 2024, without needing to be submitted to the shareholders' meeting for approval. This investment aims to further connect the upstream and downstream industry chain of lithium battery materials, enhancing the company’s economic benefits and overall competitiveness.