According to the AUCMA announcement, the company plans to jointly invest and establish Qingdao Haiyuan Innovation Technology Co., Ltd., a wholly-owned subsidiary of the controlling shareholder, with a registered capital of 100 million yuan. Of these, the company plans to invest 40 million yuan and hold 40% of the shares; AUCMA Industrial Investment Company plans to invest 60 million yuan and hold 60% of the shares. This transaction constitutes a related transaction, does not constitute a major asset restructuring, and does not need to be submitted to the shareholders' meeting for consideration. The joint venture will focus on research and development and industrialization of key core technologies such as ultra-low temperature refrigeration and high-precision temperature control. The investment still has uncertain risks in terms of transformation of industrial achievements, market competition, talent supply and operation.

According to the AUCMA announcement, the company plans to jointly invest and establish Qingdao Haiyuan Innovation Technology Co., Ltd., a wholly-owned subsidiary of the controlling shareholder, with a registered capital of 100 million yuan. Of these, the company plans to invest 40 million yuan and hold 40% of the shares; AUCMA Industrial Investment Company plans to invest 60 million yuan and hold 60% of the shares. This transaction constitutes a related transaction, does not constitute a major asset restructuring, and does not need to be submitted to the shareholders' meeting for consideration. The joint venture will focus on research and development and industrialization of key core technologies such as ultra-low temperature refrigeration and high-precision temperature control. The investment still has uncertain risks in terms of transformation of industrial achievements, market competition, talent supply and operation.