[Yongjin shares: termination of Investment in Indonesia]-according to the announcement of Yongjin shares, the company previously disclosed that it had jointly funded the establishment of a project company in Indonesia with Qingzhan Industry, a related party at that time, to build a project to process 700000 tons of wide cold-rolled stainless steel plate and strip annually. In October 2022, the project company completed the industrial and commercial registration procedures in Indonesia. So far, the project has not been started. Due to the influence of relevant factors such as industrial policy, trade policy and market demand, the two sides jointly decided to terminate the investment in the project and agreed to cancel the project company. The company plans to terminate its investment and construction projects in Indonesia. In addition, in order to better manage and expand the company's stainless steel pipe business, the company decided to acquire 40% of Xu Xiaodong's stake in Yinyang Pipe Industry at a price of 79.75 million yuan. After the completion of the transaction, the proportion of shares held by Jiangsu Yongjin, a wholly owned subsidiary of the company, rose to 91%.