Zhunyou Group: Adjusting organizational structure, subsidiary plans to apply for a 30 million yuan loan.

Zhenyou Corporation announced that the tenth meeting of the eighth Board of Directors of the company deliberated on multiple proposals. It was agreed to adjust the organizational structure by merging the original Engineering Technology and Downhole Technology Business Units into a new Downhole Technology Business Unit, and to establish a Drilling Technology Business Unit by separating part of the Downhole Technology Business Unit's drilling projects. The proposal to write off some assets was approved, but still needs to be reviewed by the shareholders' meeting. It was also agreed that the subsidiary Zhenyou Transportation may apply to a bank for a fixed asset purchase loan of up to 30 million yuan for a period of 5 years, and authorized its chairman Guo Peng to sign relevant legal documents within the limit, with a one-year authorization period.