SHOUCHENG (00697) invests in Zhihang Shi to promote the development of China's intelligent manufacturing industry on the global stage.

SHOUCHENG (00697) announces that its subsidiary, Shoucheng Capital, has recently invested in Shanghai TESHI Zhihang Technology Co. Ltd (TESHI Zhihang). This investment will help enhance the core technology research and development, iterative upgrades, and key talent reserves of the invested company, driving China's smart manufacturing industry towards the global stage. TESHI Zhihang is a leading smart manufacturing company in China, achieving key technological breakthroughs in areas such as full-stack AI deployment, people-centered data paradigm, and general-purpose intelligent large models with landing application capabilities. TESHI Zhihang has successfully tackled challenges in complex flexible harness assembly technology and set a Guinness World Record for the "most times of assembling sub-millimeter harness by Siasun Robot & Automation in one hour." This investment will inject strong momentum into TESHI Zhihang's team building, core technology research and development, and help the company create reliable physical AI, empowering the development of new quality productivity in China's manufacturing sector. In the future, the group will continue to increase its investment in the Siasun Robot & Automation industry, deepen strategic cooperation with leading companies in the industry, and promote the application of Siasun Robot & Automation technology in more scenarios through capital empowerment and industry coordination, accelerating industrial scaling and industrialization development. This will continuously inject core momentum into China's smart manufacturing industry's global development, advancing the development of new quality manufacturing productivity in China.