Intercontinental Xuchuang: Wholly-owned subsidiary plans to invest RMB 20 million in the Qianrongyuan Feng Fund.

Zhongji Xuchuang announced that its wholly-owned subsidiary Xuchuang Investment intends to subscribe for 20 million yuan of capital contribution in Suzhou Qianrongyuan Feng II Phase Venture Capital Partnership Enterprise with its own funds, becoming a limited partner. After this investment is completed, Xuchuang Investment will hold 4.00% of the capital contribution of the partnership enterprise. This external investment falls within the approval authority of the company's president for external investments and does not require approval from the board of directors or shareholders' meeting. This investment does not involve related party transactions and does not constitute a major asset restructuring.