Siling Co., Ltd.: Acquires 24.34% of shares in YinQiu Technology for 392 million yuan, driving cooperation in the field of humanoid robots using precision bearings and other areas.

Sinling Corporation announced that it has signed a "Share Transfer Agreement" with Hu Yongpeng and Li Dinghua to purchase 24.3427% equity of Yin Qiu Technology with its own funds or self-raised funds totaling 392 million yuan. After the transaction is completed, Sinling Corporation will hold 24.3427% of the shares of Yin Qiu Technology. The target company's main business is the research, development, production, and sales of precision bearings such as miniature, small, and integrated bearings, with the products mainly used in household appliances, industrial motors, automotive components, textile machinery, robots, and other fields. The company's purchase of the target company's equity this time will help expand the precision bearing business and promote deep cooperation in important areas such as automotive components and precision bearings for humanoid robots through the synergy effect of the industry.