Core Points - A new company named Zhonglv Qianxing (Chengdu) Technology Co., Ltd. has been established with a registered capital of 1.5 billion RMB [1] - The company focuses on research and development of new materials and electronic specialized materials, as well as their manufacturing [1] - Major shareholders include China Aluminum Corporation, Chihong Zn & Ge Co., Ltd., and Yunnan Copper Co., Ltd., indicating strong backing from significant players in the non-ferrous metals industry [1] Company Information - The legal representative of the company is Yang Xiuliang, and it is registered under the Chengdu High-tech Zone Market Supervision Administration [2] - The company was established on October 28, 2025, and has an indefinite business term [2] - The business scope includes waste electrical and electronic products processing, new materials technology research and development, and sales of electronic specialized materials [2] Shareholder Structure - China Aluminum Corporation holds a 25% stake with a subscribed capital of 375 million RMB [2] - Other shareholders include Chihong Zn & Ge Co., Ltd. and Yunnan Copper Co., Ltd., each holding 20% [2] - The ownership structure reflects a collaborative effort among major players in the non-ferrous metals sector [2]

Core Viewpoint - The company has pledged 60% of its controlling subsidiary, Zhejiang Suote Material Technology Co., Ltd., to secure a bank loan of up to RMB 400 million, aimed at optimizing its financing structure and covering acquisition-related costs [1] Group 1: Company Actions - The pledged equity is part of the company's strategy to optimize its financing structure [1] - The loan will be used for payment or replacement of acquisition transaction costs [1] - The equity pledge aligns with the company's funding usage plan and long-term development strategy [1] Group 2: Subsidiary Information - Zhejiang Suote was established on November 27, 2020, with a registered capital of RMB 869.8 million [1] - The subsidiary focuses on research and development of new material technologies and electronic specialized materials [1] Group 3: Financial Impact - The equity pledge is not expected to have a significant impact on the company's financial condition or operating results [1]