Xianfeng Holdings: Plans to establish a joint venture company with a registered capital of 118 million yuan.

Xianfeng Holdings announced that its wholly-owned subsidiary Xianfeng Electronic Technology Co., Ltd. signed a joint venture agreement with Guangdong Yingshuo Electronics Co., Ltd. to jointly establish Xianfeng Yingshuo Technology Co., Ltd. with a registered capital of 118 million yuan. Xianfeng Dongguan will contribute 60.18 million yuan in cash for a 51% stake, while Guangdong Yingshuo will contribute 57.82 million yuan in cash and assets for a 49% stake. The joint venture company will primarily engage in the research, development, production, and sale of PCBs in the consumer field. This matter has been approved by the 28th meeting of the 8th Board of Directors of the company and does not require approval from the shareholders' meeting.