Huabao New Energy: Intends to subscribe for a 4.42% share in the investment fund with a total investment of RMB 22.1 million.

Huabao New Energy announced that it plans to use its own funds of 22.1 million yuan to subscribe for shares of the Qingdao Turing Anrui Entrepreneurship Investment Fund partnership enterprise, with the expected investment amount accounting for approximately 4.42% of the total fund size. The company will act as a limited partner and will only bear limited liability up to the subscribed capital amount. The investment fund plans to specialize in investing in high-quality equity of emerging industries. This subscription does not require approval from the board of directors or shareholders' meeting, and does not constitute competition or related party transactions, or major asset restructuring. However, the fund is still in the preparatory and fundraising stage, and there is a risk of investment returns not meeting expectations or incurring losses in the future operation.