Kai Wang Technology: Intends to establish a liquid-cooled heat dissipation subsidiary with SteadyPoint Technology.

Kewang Technology announced that the company plans to establish a subsidiary named Wenkai Technology Co., Ltd. in collaboration with Dongguan Wenjian Precision Technology. The registered capital of the subsidiary will be 20 million yuan, with Kewang Technology contributing 13 million yuan, holding a 65% stake. The investment aims to strengthen core component manufacturing capabilities through joint ventures, and to enhance the overall service capabilities in order to increase production value and market competitiveness. The company's current focus is primarily on precision cable connectors, while the downstream customers in the liquid cooling industry have overlapping demand with the existing customer base of Kewang Technology. This investment is not expected to have a significant impact on the company's financial situation and operational results for the current year.