Guangda Technology: Wholly-owned subsidiary set up with 30 million yuan in Chongqing.

Kuangda Technology announced that in order to improve the national production capacity layout and implement the "great transportation" strategy, the company's wholly-owned subsidiary, Zhuzhou Kuangda, has established a wholly-owned subsidiary, Chongqing Kuangda, with its own funds of 30 million yuan. Recently, Chongqing Kuangda has completed the industrial and commercial registration. Its business scope includes composite processing of automotive seat covers and interior parts. This investment has been approved by the seventh board of directors' strategic committee of the company, does not constitute a related party transaction or a significant asset restructuring, and does not require approval by the board of directors or shareholders' meeting. This investment may strengthen the company's market position, but the operation of the new company faces management challenges, and its profits are also affected by factors such as the macro environment.