Xiang Piaopiao: Establish a fund with Lu Kai and others, subscribing to a capital contribution of 30 million RMB.

Fragrant Fragrant Announcement: The company, in collaboration with Lukai Investment Partnership Enterprise, Hainan Nuoyuan Intelligent Technology Co., Ltd., Wuxi Xinqu Ke Chan Fuze Investment Partnership Enterprise, Beijing Yiming Haizhong Investment Management Co., Ltd., and Hangzhou Huasheng Huize Self-owned Capital Investment Co., Ltd., jointly invested in the establishment of Luweikai Teng Opportunity One Equity Investment Partnership Enterprise. The target total committed capital of the fund is 500 million RMB, with an initial committed capital of 164 million RMB. The company, as a limited partner, has committed capital of 30 million RMB, accounting for 18.35% of the initial committed capital.