Yirui Technology: Wholly-owned subsidiary increases capital and introduces strategic investors. The additional funds will be used for the silicon-based OLED micro display backplane project.

Yirui Technology announced that its wholly-owned subsidiary, Yirui Hefei, plans to implement a capital increase and share expansion and introduce strategic investor Jianrui No. 1 Fund. Jianrui No. 1 Fund plans to contribute 500 million yuan in cash to subscribe for newly registered capital of 4.55 billion yuan in Yirui Hefei, with the remaining 45.45 million yuan being included in Yirui Hefei's capital surplus. The Company waives its preferential subscription rights. After this capital increase is completed, Yirui Hefei's registered capital will increase from 1.6 billion yuan to 2.055 billion yuan. Jianrui No. 1 Fund will hold 22.12% of Yirui Hefei's equity, with the Company holding 77.88% of the equity. This transaction does not constitute a related party transaction or a major asset restructuring and has been approved by the board of directors. The capital increase funds will be used for the silicon-based OLED micro display backplane project, with a total investment not exceeding 1.8 billion yuan.