Huang Shangu Investment: Intends to jointly invest in establishing an industrial fund, with a contribution of 75 million yuan.

Huangshan Valley Jie Announcement, the company, together with Anhui Guoyuan Fund Management Co., Ltd. and Anhui Province Industrial Transformation and Upgrading Fund Co., Ltd., jointly invested in the establishment of the "Huangshan Valley Jie Guoyuan Strategic Emerging Industry Investment Fund Partnership Enterprise." The total amount of paid-in capital of the fund is RMB 100 million, with Huangshan Valley Jie as a limited partner subscribing RMB 75 million, accounting for 75%. The fund mainly invests in non-listed enterprises in strategic emerging industries with technological disruption, strategic importance, and policy guidance in the form of equity and equity-related debt investments.