Kailai Corporation: Intends to jointly invest 120 million yuan with Hangzhou Suyuan to establish a partnership focusing on investments in the semiconductor industry chain.

Announcement of Kailai Company: The company has signed a partnership agreement with Hangzhou Suyuan Enterprise Management Partnership Enterprise to jointly invest 120 million yuan to establish Hangzhou Leze Enterprise Management Partnership Enterprise, with Kailai Company contributing 70 million yuan, accounting for 58.33%. This partnership enterprise will focus on investment in the semiconductor industry chain, aiming to capitalize on the cooperation and resource integration with relevant parties, seize industrial layout opportunities, expand investment channels, realize capital appreciation, and enhance the company's profit capability. This investment is made with the company's own funds and will not have a significant impact on production, operations, or financial condition. There are risks such as investment returns not meeting expectations and inability to exit in a timely and effective manner.