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Hongchang Technology: In August 2025, the company acted as a limited partner in jointly investing in the Jinyi Intelligence Creation Fund with other partners. The company used its own funds to subscribe for and contribute RMB 150 million, with a contribution ratio of 29.82%. In January 2026, the Jinyi Intelligence Creation Fund completed an investment in Chongqing Zhangxue Motorcycle Industry Co., Ltd., and completed a business change in March 2026. After the investment, the fund held 5.5046% equity in Zhangxue Motorcycle. This investment by the company is a financial investment and has a relatively minor impact on the company.
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