Shenke Co., Ltd.: Intends to establish a research and development headquarters in Shanghai with a total investment not exceeding 50 million yuan.

Shenke Corporation announced that, in order to implement its strategic positioning and achieve industrial upgrading, the company plans to establish a research and development headquarters in Shanghai with an investment amount not exceeding 50 million yuan. The investment will be made through self-owned and self-raised funds, covering business areas such as new material research. This investment does not constitute a related party transaction or a major asset restructuring, and has been approved by the Board of Directors' Strategic Committee without the need for approval from the shareholders' meeting. This move will benefit the company in achieving breakthroughs in multiple fields, conducting industry-academic research collaborations, etc., but there may be management and market risks in the initial execution phase, and related matters still need to be approved by the industry and commerce department.