Shannon Core Innovation: Intends to establish a joint venture company with Lingjing Cloud to jointly invest 120 million yuan.

Shannon Cores Announcement, the company signed a joint venture agreement with Wuxi Lingjingyun Information Technology Co., Ltd. to jointly establish Wuxi Xinwei Zhisuan Technology Co., Ltd. The registered capital is 120 million yuan, with the company investing 30 million yuan with its own funds, accounting for 25% of the registered capital. This investment does not involve related party transactions and does not constitute a major asset restructuring. The joint venture aims to build regional low-cost, green digital infrastructure to support industrial intelligent upgrading and digital economic development.