GCL Technologies: A subsidiary Anhui Zhongfei and Qingdao Huizhu Innovation Entrepreneurship Investment Fund Partnership jointly invested 300 million yuan to establish a joint venture company.

Guangzhi Technology Announcement: Its holding subsidiary Anhui Zhongfei Technology Co., Ltd. has signed a "Project Investment Agreement" with Qingdao Huizhu Innovation and Entrepreneurship Investment Fund Partnership Enterprise. They will jointly invest to establish a joint venture company in Shibei District, Qingdao City, with a registered capital of 300 million yuan. Anhui Zhongfei will contribute 150 million yuan in cash, accounting for 50% of the registered capital; Qingdao Huizhu will contribute 150 million yuan in cash, also accounting for 50% of the registered capital.