Xiamen Hongxin Electronics Technology Group Inc. (300657.SZ) subsidiary Wuxi Suihong plans to introduce external investors Wuxi Kechan

Xiamen Hongxin Electronics Technology Group Inc. (300657.SZ) announced that in order to further strengthen the company's financial strength, reduce the company's asset-liability ratio, improve the company's cash flow, and enhance its risk resistance capabilities, the company's controlling subsidiary, Wuxi Suihong, plans to introduce external strategic investors by increasing capital through stock expansion, with an estimated pre-investment valuation of 3 billion yuan. The investor, Wuxi Xingu District Technology Source Quality Investment Partnership Enterprise (Limited Partnership) (referred to as "Wuxi Technology Source" or "Investor"), will invest 500 million yuan. The amount corresponding to the registered capital of the target company will be determined based on the above-mentioned pre-investment valuation proportion, and the remaining portion will be added to the target company's capital reserve. Jiangsu Suihong Huachuang Technology Co., Ltd. (referred to as "Jiangsu Suihong" or "existing shareholders") holds 100% equity of the target company and agrees to the capital increase, explicitly waiving any preemptive rights or other priority rights. After this transaction is completed, the target company will use Wuxi as the core operation, research and development, and settlement center for the company's intelligence calculation cluster and computing services business.