Shanghai Siba: Acquisition of patent assets and establishment of a holding subsidiary company.

Shanghai Xiba Announcement: The company plans to purchase the patent rights of 3 invention patents and 1 utility model patent from the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, with a total of 20 million RMB; at the same time, to purchase the patent rights of 2 invention patents with 5 million RMB. The company plans to establish two holding subsidiaries jointly with the core technology team and management team, with a registered capital of 10 million RMB each, to promote the industrial development of related technologies. This transaction does not constitute a related party transaction, nor does it constitute a major asset reorganization.