Kanghui Group: intends to invest 91 million yuan to establish a holding subsidiary Beijing Huijin.

Kanghui Co., Ltd. Announcement: The wholly-owned subsidiary of the company, Beijing Kanghui Smart Innovation Technology Co., Ltd., plans to jointly invest with Wajinke to establish Beijing Huijin Smart Innovation Technology Co., Ltd. Beijing Huijin plans to have a registered capital of RMB 140 million, with Kanghui Smart Innovation planning to contribute RMB 91 million in cash, accounting for 65% of the registered capital; Wajinke plans to contribute RMB 49 million in cash, accounting for 35% of the registered capital. This external investment matter has been approved by the 12th meeting of the 6th Board of Directors of the company and still needs to be submitted to the shareholders' meeting for approval.