Zhenbang Intelligence: Intends to establish overseas subsidiaries and affiliates with a total investment not exceeding 11 million US dollars.

Fengbang Intelligent Announcement: The company plans to use its own funds of 1 million US dollars to invest in setting up a wholly-owned subsidiary "HOMEWOOD CONTROL PTE.LTD." in Singapore, and use its own funds of 10 million US dollars through the Hong Kong subsidiary and a newly established subsidiary in Singapore to jointly establish a subsidiary "PT HOMEWOOD CONTROL SOLUTIONS" in Indonesia, in order to establish a production base in Indonesia. Among them, 3 million US dollars will be invested by the Hong Kong subsidiary, and 7 million US dollars will be invested by the Singapore subsidiary, holding 30% and 70% equity in the Indonesian subsidiary respectively. The total investment amount this time does not exceed 11 million US dollars, and the funds will mainly be used for the establishment and operation of overseas companies, equipment procurement, working capital, etc.