Hongchang Technology: Plans to invest 20 million yuan in a private equity investment fund.

Hongchang Technology announced that the company plans to invest up to 20 million yuan in Linglan Science and Culture Fund with its own funds, with a target size of 159 million yuan, mainly investing in the equity of unlisted companies. On January 14, 2026, the 9th meeting of the 3rd Board of Directors of the company approved the investment proposal, without the need for shareholder approval. The company holds a 12.58% stake in the fund, which has a duration of 5 years, extendable for 2 years. This investment does not constitute a related party transaction or a major asset restructuring, but there are risks related to fundraising, investment value, and internal management.