Tangyuan Electric: Wholly-owned subsidiary Zhigu Yunxing plans to invest 2.55 million RMB to establish a joint venture company.

Tangyuan Electric announced that its wholly-owned subsidiary Zhi Gu Yun Xing intends to jointly invest 5 million yuan in the establishment of a joint venture company, Tibet Anzhi Shulian Technology Co., Ltd., in Lhasa, Tibet Autonomous Region, with natural persons Xu Ling, Dong Guorong, and Fei Yun. Among them, Zhi Gu Yun Xing plans to invest 2.55 million yuan, holding 51% of the shares of the joint venture company; Xu Ling plans to invest 1.2 million yuan, holding 24% of the shares of the joint venture company; Dong Guorong plans to invest 750,000 yuan, holding 15% of the shares of the joint venture company; Fei Yun plans to invest 500,000 yuan, holding 10% of the shares of the joint venture company. The purpose of this investment is to enhance and serve the safety emergency industry in the Tibet Autonomous Region, and to promote the high-quality development of mine safety, water conservancy dam safety, urban safety, and industrial and mining enterprise safety.