Gelonghui, April 2, 丨 Jin Longyu (002882.SZ) announced that in order to continue research and development of technologies related to solid-state batteries and their key materials and promote the industrialization of research results, the company and Mr. Lu Zhicai, who is the director and deputy general manager of the company, jointly funded the establishment of Jinlongyu New Energy (Shenzhen) Co., Ltd. (“Joint Venture”) with a registered capital of 10 million yuan, as disclosed by the company on January 25, 2024, with the approval of the board of directors “Announcement of the Company and Related Transactions”. In order to further regulate the operation and management of the joint venture, Mr. Lu Zhicai, the director and deputy general manager, plans to transfer 25% of the joint venture's shares (corresponding registered capital of 2.5 million yuan) to the company after consensus. Since Mr. Lu Zhicai has yet to pay the actual investment, the transfer amount is RMB 1, and the company undertakes subsequent investment obligations. The company and Mr. Lu Zhicai signed an “Equity Transfer Contract” in Longgang District, Shenzhen on April 2, 2024.

The joint venture undertakes the work of the company's solid-state batteries and key materials research and development projects. The purpose of this transaction is to further standardize the operation and management of the joint venture, and the purpose of the transaction is in line with laws and regulations. After the company transfers shares in the joint venture, it will assume corresponding investment and payment obligations. Since the amount of capital invested is small and the source of capital is the company's own capital, the risk is manageable, and it will not have a significant impact on the company's financial situation and operating results. Joint ventures are included in the scope of the company's consolidated statements before and after the company transferred its shares.