Changxin Technology: Intends to establish a joint venture company with Fujian Huarui and others by investing together.

Changxin Technology announced that the company, along with Fujian Huarui, Suzhou Feisa, and Jiang Jianhua, jointly invested in the establishment of Wuhu Changxin Huarui Zhisuan Technology Co., Ltd., with a registered capital of 100 million yuan. Among them, Changxin Technology holds 41% of the shares, with a subscribed capital of 41 million yuan; Fujian Huarui holds 39% of the shares, with a subscribed capital of 39 million yuan; Suzhou Feisa holds 10% of the shares, with a subscribed capital of 10 million yuan; Jiang Jianhua holds 10% of the shares, with a subscribed capital of 10 million yuan. The joint venture will purchase computing power related equipment and software, and sell the computing equipment and software to end customers after networking and system integration. The joint venture company, once established, will be included in the company's consolidated financial statements as a subsidiary of the company.