Jinli Permanent Magnet: Wholly-owned subsidiary plans to invest 20.8 million yuan in Tianjin Innovation Fund.

Jinli Permanent Magnet announced that its wholly-owned subsidiary Jinli Ningbo Investment intends to participate in the investment of Tianjin Chuangneng Entrepreneurship Investment Partnership Enterprise with its own funds not exceeding 20.8 million yuan. After the investment is completed, Jinli Ningbo Investment will subscribe for 20.8 million yuan, accounting for 33.28% of the partnership enterprise, with a target fund size of 62.5 million yuan. The purpose of this investment is to leverage the resources of professional institutions to explore high-quality projects that meet the company's development strategy and enhance overall competitiveness. The investment does not constitute a related party transaction or a major asset restructuring and is within the approval authority of the company's CEO.