Tosda: Intends to participate as a cornerstone investor in Maewi Mechanical's Hong Kong initial public offering.

Tosda announced that the company plans to use up to 30 million RMB or the equivalent amount in Hong Kong dollars of its own funds to participate in the initial public offering of Zhaowei Machinery and Electricity in Hong Kong through its wholly-owned subsidiary Tosda Global as a cornerstone investor. This investment will help the company establish a long-term partnership with Zhaowei Machinery and Electricity, promote deep strategic cooperation in their respective advantageous areas, and achieve resource integration and complementary advantages.