Baofeng Energy: establish an investment fund

Bao Feng Energy announcement: the Beijing Beijiao Joint Antelope Jump No. 3 Equity Investment Center and the Beijing Beijiao Joint Antelope Jump No. 4 Equity Investment Center, in which the company participated in establishing, have completed industrial and commercial registration and filing. The total amount of subscribed capital for the Antelope Jump No. 3 investment fund is 71 million yuan, with the company contributing 70 million yuan, accounting for 98.59%; the total amount of subscribed capital for the Antelope Jump No. 4 investment fund is 101 million yuan, with the company contributing 100 million yuan, accounting for 99.01%. The investment funds are mainly used for investing in aerospace technology and artificial intelligence projects, aiming to improve the company's efficiency and economic benefits in using its own funds.