On January 25, 2024, the issuance of 158,441,886 additional shares by Meida to Liheng Investment, a subsidiary of Highsun Group, was completed and an announcement was issued. The issue of the additional 158,441,886 shares to Fujian Liheng Investment, a subsidiary of Highsun Group, was completed and a listing announcement was issued. After this issue, Liheng Investment became the controlling shareholder of Meida, and Chen Jianlong, Chairman of Highsun Group, became the actual controller of Meida. After this equity change, Highsun Group will gradually integrate high-quality resources in the industry and continuously improve the profitability and risk-resistant ability, so as to better create value for shareholders.

Highsun Group's acquisition of the control of Meida shares is an important step for the Group to realize long-term development and an important milestone for the enterprise to step into the capital market.