Changxin Bochuang announced that the company participated in the establishment of the Shanghai M&A Private Equity Fund Phase III partnership as a limited partner, with a pledged capital of 40 million yuan, accounting for 4.82% of the total investment. All partners of the partnership plan to pledge a total investment of RMB 830 million. Changfei Capital is an associated corporation. This investment constitutes a related transaction, but it does not constitute a major asset restructuring.

Changxin Bochuang announced that the company participated in the establishment of the Shanghai M&A Private Equity Fund Phase III partnership as a limited partner, with a pledged capital of 40 million yuan, accounting for 4.82% of the total investment. All partners of the partnership plan to pledge a total investment of RMB 830 million. Changfei Capital is an associated corporation. This investment constitutes a related transaction, but it does not constitute a major asset restructuring.