China Tungsten and Hightech Materals announcement, the 10th Board of Directors of the Company, the 7th Special Meeting of Independent Directors passed the proposal to issue shares and pay cash to purchase 100% equity of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. and raise matching funds. The meeting reviewed and passed the supplementary agreement with conditional effectiveness signed by the Company and the counterparty, adjusted the transaction plan and confirmed that the adjustment of the plan does not constitute a major adjustment, all of which need to be submitted to the company's board of directors for approval. The independent directors believe that the transaction plan is reasonable, complies with relevant laws and regulations, and safeguards the legitimate rights and interests of shareholders.