Longquan Co., Ltd.: Intends to transfer 2.7823% equity interest in Jingyi Precision Measurement

On October 8, Longquan Stock (002671. The company and Tianjin Jincai Haihe Sanxin Industrial Development Fund Partnership (Limited Partnership) (hereinafter referred to as "Tianjin Jincai") signed the "Shandong Longquan Pipe Industry Co., Ltd. Decided to transfer its 2.7823% equity interest (corresponding to a registered capital of RMB440,500.00) in Jingyi Precision Measurement, a joint stock company, to Tianjin Jincai, and the total consideration for the transfer of the Target Equity Interest was RMB10.2945 million. Upon completion

of the Transaction, the Company still holds 1.7320% equity interest in Jingyi (corresponding to a registered capital of RMB274,206.00).