Shenke Corporation: plans to set up a wholly-owned subsidiary with a registered capital of 20 million yuan in Shandong for power equipment business.

Shenke Co., Ltd. announced that, in order to accelerate its transformation, enhance its manufacturing and service capabilities, optimize production capacity layout, the company plans to establish a wholly-owned subsidiary, Shandong Shenke Power Equipment Co., Ltd., in Zaozhuang, Shandong, with a registered capital of 20 million yuan. The company held a board meeting in 2025 to approve the proposal, and the investment is within the decision-making authority and does not require approval from the shareholders' meeting. The company holds 100% of the shares, with Zhang Xiaofei as the legal representative. The contribution is in monetary funds from own sources or fundraising. This investment is expected to have no significant impact on finances, but faces various uncertainties. The company will actively respond to these risks.