Changchuan Technology: Intends to jointly invest with professional investment institutions to establish Hangzhou Changyue Technology Co., Ltd.

Changchuan Technology announced that the company plans to jointly establish Hangzhou Changyue Technology Co., Ltd. with Shanghai Semiconductor Equipment Materials Phase II Private Equity Fund Partnership Enterprise and Hangzhou Benjian Xinlian Equity Investment Partnership Enterprise. The registered capital is 100 million yuan, with Changchuan Technology's subscribed capital of 50 million yuan, accounting for 50% of the registered capital. The joint venture company will mainly engage in the localization of high-end packaging and testing equipment, as well as related research and development, production, sales, and after-sales services. This investment aims to promote the advancement of domestic integrated circuit equipment technology and localization, enrich the company's equipment product line, and enhance overall core competitiveness and profitability.