Hua Gong Technology: Subsidiary invests 200 million yuan to establish a joint venture company.

Notice from Huagong Technology: Wholly-owned subsidiary Huagong Laser intends to form a joint venture with Likai Precision to establish Suzhou Lihua Technology Co., Ltd., with a registered capital of 200 million yuan. Huagong Laser will contribute 140 million yuan, holding 70% of the shares; Likai Precision will contribute 60 million yuan, holding 30% of the shares. The joint venture will focus on the research and application of 3D additive SLM manufacturing technology, with the goal of enhancing technological innovation capabilities and market competitiveness. This investment does not require approval at a shareholders' meeting and does not constitute a related party transaction. The company stated that this move will help promote the upgrading and transformation of the relevant industries, but the establishment of the joint venture still requires approval and registration from the relevant authorities, creating uncertainty.