Baoxin Technology: Plans to invest 20.4 million yuan to establish a joint venture company.

Baohin Technology Announcement: The company intends to sign a "Equity Investment Agreement" with Zhi Shen Technology and Shuyanger Media to jointly invest in establishing a joint venture company in Chengdu, Sichuan. The registered capital of the joint venture company is planned to be 40 million yuan, with the company's monetary contribution of 20.4 million yuan, accounting for 51% of the registered capital. The joint venture company will become a subsidiary of Baohin Technology.