Shangwei New Materials: signs a 26 million yuan licensing agreement with affiliated party Zhiyuan Innovation.

Announcement by Shangwei New Materials: The company plans to sign a "License Agreement" with its affiliated company Zhiyuan Innovation Technology Co., Ltd. Zhiyuan Innovation will authorize the company to use the "ARM embedded software and communication middleware software code" it owns, and the company will pay Zhiyuan Innovation a total license fee of 26 million yuan. This transaction constitutes a related party transaction, but does not constitute a major asset restructuring.