Gui Sheng Company: Plans to invest 30 million yuan to establish a wholly-owned subsidiary.

Announcement of Guisheng Co., Ltd.: The company plans to invest a total of 30 million RMB to establish a wholly-owned subsidiary, Guizhou Steel Rope Cable Technology Co., Ltd., using a combination of physical assets and currency. The establishment of this wholly-owned subsidiary aligns with the company's long-term development plan, and will help the company quickly form new economic growth points. Additionally, it will cultivate a team with a stronger market awareness for cable products, which will be beneficial for the company to explore the engineering construction market, innovate its business operation mechanism, and transform its product structure.