Pathfinder: Plans to raise funds of no more than 1.93 billion yuan.

Pathfinder announcement: The company plans to issue shares to specific entities, the issuance targets being the actual controller of the company, Li Ming, and his controlled enterprise Tongyu He Ying. The issuance price is 7.28 RMB per share, with a total issuance of no more than 265 million shares, raising a total of no more than 1.93 billion RMB. After deducting issuance expenses, the funds raised will be used entirely for supplementing working capital. This issuance constitutes a related-party transaction, does not constitute a major asset restructuring, and will not result in a change of control of the company.