Country Shield Quantum: plans to participate in the establishment of a 15 billion yuan quantum industry fund with an investment of 3 billion yuan.

China Shield Quantum announced that the company plans to jointly invest 1.5 billion yuan with affiliated companies such as China Telecom Quantum Enterprise Management and Telecom Investment to establish the "China Telecom Quantum Industry Entrepreneurship Investment Fund". The company plans to invest 300 million yuan with its own funds, accounting for 20%. The fund will invest in early and growth stage companies in the field of quantum information technology and other related areas. This investment constitutes a related party transaction, does not constitute a major asset restructuring, and still needs to be submitted for shareholder approval. There is uncertainty in the timing of fund establishment and investment operation, returns, project exits, etc.