Junchuang Technology: Establishes a joint venture company with Shanghai Xukun with a joint investment of 20 million yuan.

Jun Chuang Technology Announcement: The company has signed a "Joint Venture Agreement" with Shanghai Xukun Mould Technology Co., Ltd., intending to jointly establish Suzhou Basba New Energy Technology Co., Ltd. with a registered capital of 20 million yuan. The company will contribute 14 million yuan, holding 70% of the equity; Shanghai Xukun will contribute 6 million yuan, holding 30% of the equity. The joint venture company will become a subsidiary of the company and be included in the consolidated financial statements. This investment does not constitute a major asset restructuring or related party transaction, and does not require board of directors or shareholder approval.