On September 19th, Gelonhui announced that the company has recently received the Approval (CSRC License [2024] No. 1288) issued by the China Securities Regulatory Commission (CSRC) regarding the approval for Shinghwa Advanced Material Group Co., Ltd. to issue stocks to specific investors. The main content of the approval is as follows:

1. Approve your company's registration application for issuing stocks to specific parties. 2. Your company should strictly implement the submitted application documents and issuance plan to the Shanghai Stock Exchange. 3. This approval is valid for 12 months from the date of registration.