Announcement on the Acquisition of 70% Equity in Shandong Aurigin New Energy Co., Ltd.

Special Reminder:

1. Suzhou Sleek Precision Equipment Co., Ltd. (hereinafter referred to as "the Company" or "Sleek") intends to acquire 70% equity in Shandong Aurigin New Energy Co., Ltd. (hereinafter referred to as "the Target Company" or "Shandong Aurigin") for cash. Upon completion of this transaction, Shandong Aurigin will be included in the Company's consolidated financial statements.
2. This transaction does not constitute a related party transaction and does not qualify as a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."
3. Shandong Aurigin reported losses in its most recent fiscal year, and its inclusion in the Company's consolidated financial statements may pose risks related to performance, acquisition integration, and goodwill. Investors are advised to be aware of these risks.

I. Transaction Overview

1. Suzhou Sleek intends to sign the "Equity Transfer Agreement for Shandong Aurigin New Energy Co., Ltd." with Duilong Honghui New Material Technology Co., Ltd. (hereinafter referred to as "Duilong Honghui") to acquire 70% equity held by Duilong Honghui for RMB 11.3 million. After the transaction, Shandong Aurigin will become a subsidiary controlled by the Company and included in the Company's consolidated financial statements.
2. This transaction has been approved by the Company's sixth board of directors at its twenty-first meeting and does not require submission for shareholder approval.
3. The counterparty to this transaction has no relationship with the Company, its controlling shareholders, actual controllers, directors, or senior management, and this transaction does not constitute a related party transaction; it does not qualify as a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," nor does it constitute a restructuring listing.

II. Basic Information of the Equity Transferor

1. Company Name: Duilong Honghui New Material Technology Co., Ltd.
2. Unified Social Credit Code: 91540125MA6T1BC814
3. Company Type: Limited Liability Company (wholly owned by a legal entity, not a natural person)
4. Date of Establishment: May 20, 2016
5. Legal Representative: Zhou Yuan
6. Registered Capital: RMB 10 million
7. Registered Address: 1-3/F, Building 16, Sun Moon Lake Scenic Garden, Duolong Deqing District, Lhasa City, Tibet Autonomous Region
8. Business Scope: Research and development of new material technology; design, production, and sales of packaging materials and metal materials; product packaging design; corporate brand design and promotion; public relations planning and conference services; technical development and services; import and export agency, goods import and export, technology import and export. [Projects requiring approval must be conducted after approval by relevant departments.]
9. Major Shareholder: Beijing Aurigin Packaging Container Co., Ltd. holds 100% of Duilong Honghui's shares. According to the Company's inquiry on the China Execution Information Disclosure Network, Duilong Honghui is not a person subject to enforcement for dishonesty. Duilong Honghui holds 18% of the shares in the Company's subsidiary, Guangdong Junyi Electromechanical Technology Co., Ltd. Apart from this, there are no relationships with the Company or its top ten shareholders, directors, or senior management in terms of property, business, assets, debts, personnel, or any other relationships that may cause the Company to favor its interests.