On November 21st, Gelonhui, Yangling Metron New Material (300861.SZ) announced that its wholly-owned subsidiary, Yangling Metron Technology Co., Ltd. (hereinafter referred to as "Metron New Material"), has signed the "State-owned Construction Land Use Right Transfer Contract" with the Xi'an Natural Resources and Planning Bureau, obtaining plots HT02-7-3-1, HT02-7-3-2, HT02-7-3-4 for the construction of the fundraising investment projects "Metron Industrial Park Construction Project" and "R&D Center Construction Project" since its establishment. Among them, plot HT02-7-3-2 covers an area of 62,995.46 square meters (94.493 mu). As the plot is within the protection range of cultural relics and has not been constructed, it has been agreed upon by the Xi'an Natural Resources and Planning Bureau Aerospace Sub-bureau to have the 94.493 mu state-owned construction land use rights of plot HT02-7-3-2 used by Metron Technology reclaimed and signed the "State-owned Land Use Rights Repurchase Compensation Agreement", with an estimated repurchase amount of RMB 40 million. This price is the same as the original land acquisition cost, which does not harm the company and all shareholders, especially the interests of small and medium-sized shareholders. The funds obtained from the land repurchase will be used for the company's investment project construction.

The company held the seventh meeting of the third board of directors on November 21, 2024, approving the resolution on "Compensated Repurchase of State-owned Land Use Rights by the Land Reserve Department." The board of directors also authorized the company and its subsidiaries' management to handle all matters related to this transaction, including but not limited to signing relevant agreements and processing the procedures for asset changes. This resolution does not require submission to a general meeting of shareholders.