TopCloud Farmers: Plan to establish a wholly-owned subsidiary with a capital of 20 million yuan.

Announcement from Top Cloud Agriculture: The company convened the twelfth meeting of the fourth board of directors on July 28, 2025, and approved the proposal for establishing a wholly-owned subsidiary through external investment. The company plans to invest 20 million yuan of its own funds to establish a wholly-owned subsidiary, Zhejiang Jiyuan Artificial Intelligence Technology Co., Ltd. This investment does not involve related-party transactions, does not constitute a major asset restructuring, and does not require approval from the shareholders' meeting. The registered capital of the new company is 20 million yuan, which will be contributed by the company in cash, with the total amount of the investment coming from its own funds. The establishment of a wholly-owned subsidiary is an important measure for the company to enrich core technology and products in its main business, continuously enhance its technical strength, and improve the overall competitiveness of the company, which is in line with the company's business development plan.