Joyoung Co., Ltd. (002242.SZ): The shareholding ratio in DeepThinking is relatively low and has not been included in the company's consolidated financial statements.

Zhitong Finance APP News, Joyoung Co., Ltd. (002242.SZ) issued a stock price abnormal movement announcement stating that the company currently holds a 7.92% equity interest in Deep Thinking Artificial Intelligence Robot Technology (Beijing) Co., Ltd. (referred to as "Deep Thinking"). The company's investment shareholding ratio in it is relatively low, and it is not included in the scope of the company's consolidated financial statements. The company is deeply engaged in brain-inspired artificial intelligence and multimodal semantic understanding technology. This investment will not have a material impact on the company's current main business and operating performance. As of the disclosure date of the announcement, the company does not have the strategic cooperative relationship with Huawei as claimed in market rumors. The company's association with Huawei is mainly due to the fact that both parties hold equity interests in Deep Thinking, among which Huawei's investment entity holds part of its equity. Apart from the aforementioned circumstances, the company has not discovered any major cooperation matters related to Huawei that should be disclosed but have not been disclosed.