Tencent Technology: Plans to establish a wholly-owned subsidiary with a capital of 35 million yuan to expand into the AR business.

Tengjing Technology announced that the company will hold a board meeting on July 2, 2026 to approve the establishment of a wholly-owned subsidiary, Tengjing Vision Technology Co., Ltd., with a total investment of 35 million yuan using its own funds or self-raised funds. This subsidiary will set up branches in Nanjing and Fuzhou, taking over all the rights and obligations of the company's Nanjing branch as well as some AR consumer optical assets, business, and personnel, forming a synergistic operating model. This investment does not involve related party transactions or major asset restructurings, but there are risks related to policies, operations, and operations.