Kunlun Wanwei: Plan to increase capital of its holding subsidiary Tiangong by 200 million yuan.

Kunlun Wanwei Announcement: The company plans to increase the capital of its holding subsidiary Tian Gong by 200 million RMB, with its wholly-owned subsidiary Kunlun Group as the main body. At the same time, Kunlun Fund plans to convert 200 million RMB convertible bonds provided earlier into this capital contribution, and Meilaiwu plans to contribute 100 million RMB. The purpose of this capital increase is to continue to implement the development strategy of "All in AGI and AIGC" and strengthen the company's competitiveness in the field of artificial intelligence. After the capital increase is completed, Kunlun Group will hold 66.25% of Tian Gong's equity. This transaction constitutes a related-party transaction, but not a major asset restructuring.