Huamai Technology: intends to subscribe for 10 million yuan for an increase of 855,900 yuan in the registered capital of Xinhui Micro.

Hua Mai Technology announced that it plans to subscribe to 10 million yuan in cash for the increase of registered capital of Xin Hui Wei by 855,900 yuan. After the transaction is completed, the listed company will hold 6.4103% of the equity of Xin Hui Wei, which is not included in the scope of the consolidated financial statements. This transaction has been approved at the 25th meeting of the fourth board of directors of the company, and does not require approval by the shareholders' meeting. This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies". The target company's new products are still in the research and development stage, with strong innovation and high technical difficulty, which may involve the risks of extended R&D cycles or results not meeting expectations.