Kexin Electromechanical: Intends to invest 1 million yuan to establish a joint venture company.

announces that the company, along with Guizhou Chuanheng and individual Zhu Jiahua, jointly invested in establishing a joint venture company, Sichuan Hengxin Technology and Innovation Co., Ltd., with a registered capital of 3.7 million yuan. Among them, Ke Xin Mechanical and Electrical contributed 1 million yuan and holds 27.03% of the shares; Guizhou Chuanheng contributed 1.887 million yuan and holds 51% of the shares; Zhu Jiahua contributed 813,000 yuan and holds 21.97% of the shares. The joint venture company will focus on the technology equipment and commercial promotion of "heat extraction from cold/ cold-hot combined supply", promoting the industrial upgrading of the energy and chemical industry, light industry, food, and pharmaceutical industries. This investment does not constitute a major asset restructuring and is not considered a related-party transaction.