Hongchang Technology: Intends to acquire a total of 21% equity interest in high-quality joint ventures.

Hongchang Technology Announcement: The company intends to acquire a total of 21% equity held by Rostechaxi Transmission Equipment Co., Ltd., Mr. Zhou Jianpin, and Mr. Fang Tao. After the acquisition, Hongchang Technology will hold 51% equity in Rostechaxi and become the controlling shareholder. This external investment has been approved by the 10th meeting of the third board of directors of the company and does not require approval from the shareholders' meeting.