Yingfang Micro: Joint Wireless Hong Kong plans to jointly invest 10 million yuan with Shanghai Xiaoke Li to establish a subsidiary.

Announcement by Yingfang Micro: The company's holding subsidiary, Joint Wireless Hong Kong, intends to jointly invest 10 million RMB with Shanghai Xiaokeli to establish a subsidiary, Joint Wireless Shanghai. Joint Wireless Hong Kong will invest 5.5 million RMB, holding 55% of the shares, while Shanghai Xiaokeli will invest 4.5 million RMB, holding 45% of the shares. This transaction is considered a related party transaction due to Shanghai Xiaokeli being one of the targets of the company's major asset restructuring. The proposal has been approved by the board of directors, does not constitute a major asset restructuring, does not constitute a restructuring for listing, and does not require approval from relevant authorities.