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Lanshi Heavy Equipment: Announcement by Lanshi Heavy Equipment regarding the acquisition of the A1 grade production license for multi-layer pressure vessels in China. Author/Source: Date: 2022-11-15. Clicks: 47. The company’s board of directors and all directors guarantee that there are no false records, misleading statements, or significant omissions in this announcement, and they assume individual and joint responsibility for its accuracy, correctness, and completeness. Recently, Lanzhou Lanshi Heavy Equipment Co., Ltd. (hereinafter referred to as the “Company”) received the \"Production License for Special Equipment in the People’s Republic of China (including multi-layer pressure vessels)\」issued by the State Administration for Market Regulation (certificate number: TS2210641-2024). This license provides the Company with the necessary qualifications to develop equipment with high-pressure design parameters for use in hydrogen storage systems, military applications, and ammonia synthesis processes. The details are as follows: I. Main contents of the license Company name: Lanzhou Lanshi Heavy Equipment Co., Ltd. Address: No. 528, West Section of Huanghe Avenue, Lanzhou New Area, Lanzhou City, Gansu Province Manufacturing address: No. 528, West Section of Huanghe Avenue, Lanzhou New Area, Lanzhou City, Gansu Province Approved to engage in the following production activities related to special equipment: Licensed activities Sub-activities under licensing Licensing parameters Remarks Pressure vessel manufacturing Large high-pressure vessels (A1) — Includes multi-layer pressure vessels ； A separate license is required for the design of pressure vessels. Spherical tanks (A3) – Issuing authority: **State Administration for Market Regulation. Valid until: January 20, 2024. II. Impact on listed companies: With the rapid development of the energy and chemical industries, multi-layer pressure vessels that offer high material efficiency and strong safety and reliability are gaining increasing recognition in the market. Such structural products are widely used in devices requiring high-pressure design parameters, such as those for hydrogen storage, military applications, and ammonia synthesis. This time, the company successfully obtained the A1-level production license for multi-layer pressure vessels in China, becoming the first entity in the northwest to have the qualifications for manufacturing such vessels. This will help improve the company’s manufacturing processes for pressure vessels as well as its market position ； It helps to expand the company’s market presence in equipment with high-pressure design parameters for applications such as hydrogen storage, military industries, and ammonia synthesis plants ； It helps to accelerate the development of the company’s high-pressure hydrogen storage tanks and facilitate their market deployment, thereby laying a solid foundation for the company to further expand its equipment offerings in the hydrogen energy sector. This is to announce.