Jiuhuixin Materials: The investment fund in which it participated has completed a capital increase of 50 million yuan.

Jiulongxin Cai announced that the company participated in the establishment of Raywu Fund II, with the additional subscription amount increased to 50 million yuan, from 50 million yuan to 100 million yuan, with each partner increasing their capital contribution proportionally. The company's subscription amount for the fund will increase from 19 million yuan to 38 million yuan, with a subscription proportion of 38%. On November 27, 2025, the company signed a supplementary agreement with other partners. On December 5, the fund completed the registration of the industrial and commercial changes for the capital increase. The company will monitor the progress and disclose it in a timely manner.