Xinxiang Tianli Energy Co., Ltd. signed the Investment Intention Agreement to acquire 10% of Jiangxi Dingxing Mining Co., Ltd. and Jiangxi Xingli Technology Co., Ltd. from Jiangxi Yifeng Tong´an Mineral Products Development Co., Ltd. on December 21, 2022. The transaction was approved by Xinxiang Tianli Energy Co., Ltd. the 16th meeting of the third board of directors, Approval of the competent internal agencies of each party and the competent regulatory agencies have approved this transaction. The due diligence, audit, and evaluation of the target company have been completed.