King's Stone (01943) plans to invest 10 million yuan as a subsidiary to participate in the investment partnership enterprise.

KING'S STONE (01943) announced that on May 16, 2026, its subsidiary Shenzhen Hengchenyu (as a limited partner) entered into a partnership agreement with Guangdong Xindong Energy (as a general partner and managing partner), Beijing Guojiao Yinghua (as a general partner), Beijing Zhaoxuan Power (as a limited partner), and Beijing Guojiao Zhongxing (as a limited partner) to jointly invest in a partnership enterprise (Guangzhou Xindong Changqing Investment Partnership Enterprise (limited partnership)), with a partnership term of ten years. Accordingly, Shenzhen Hengchenyu agreed to participate as a limited partner in the investment partnership enterprise, with a subscribed capital of RMB 10 million. The total subscribed capital of the partnership enterprise after the capital increase is RMB 35.6 million, with Shenzhen Hengchenyu holding 28.09% of the total subscribed capital of the partnership enterprise. The main investment purpose of the partnership enterprise is the investment in new energy recognized by all partners, as well as other new energy businesses approved by all partners in the partnership enterprise with surplus conditions, in order to achieve the best economic benefits for the partnership enterprise. The Group has been actively seeking potential investment opportunities to diversify its sources of revenue and enhance shareholder value. The partnership enterprise focuses on investments in the new energy sector. The board of directors believes that the new energy storage and new energy industries are strongly supported by national policies, and have broad market prospects and growth potential. By participating in the investment partnership enterprise, the Group can leverage the expertise and resources of the general partner and other partners in the relevant fields to enter the new energy industry with lower risk, aligning with the Group's long-term development strategy.