Invest in Shoucheng (00697) to promote China's intelligent industry to the global stage.

SHOUCHENG (00697) announced that recently, the company's fully-owned subsidiary, Shoucheng Capital, has invested in Shanghai Tashing Zhihang Technology Co., Ltd. (Tashing Zhihang). This investment will effectively empower the core technology research and iterative upgrade of the invested enterprise, as well as talent reserves, driving the development of China's physical intelligence industry towards the global stage. Tashing Zhihang is a leading domestic physical intelligence company, achieving key technological breakthroughs in areas such as full-stack AI layout, human-centered data new paradigm, and universal physical large models with landing application capabilities. Tashing Zhihang was the first to overcome the complex flexible wiring harness assembly technology challenge and set a Guinness World Record for "Siasun Robot & Automation assembling sub-millimeter wiring harness the most times in one hour." This investment will inject strong momentum into Tashing Zhihang's team building, core technology research, and other aspects, helping the company create trusted physical AI and empowering the development of new productive forces in Chinese manufacturing. In the future, the company will continue to increase its investment layout in the Siasun Robot & Automation industry, deepen strategic cooperation with industry leaders, and drive the application of Siasun Robot & Automation technology in more scenarios through capital empowerment and industry collaboration. This will accelerate the industrial scale and industrialization development, continuously inject core power into China's physical intelligence going global, and promote the development of new productive forces in Chinese manufacturing.