ZTE Corporation: Intends to subscribe for 12% equity of Guangming Ji Yun with 41 million yuan.

On July 31, Zhongzhi Technology announced that the company has signed an agreement with Beijing Guanjun Cloud Technology Co., Ltd. to subscribe for 41 million yuan of Guanjun Cloud's newly registered capital of 13.63636 million yuan, accounting for 12% of Guanjun Cloud's equity. The purpose of this investment is to optimize the company's industrial layout, enhance market competitiveness, and better meet strategic development needs. The transaction funds come from the company's own funds, paid in two installments, and will not be included in the company's consolidated financial statements, which will not have a significant impact on the company's performance. After the transaction is completed, Guanjun Cloud will continue to operate independently without affecting personnel placement, land leasing, debt restructuring, and other situations. Guanjun Cloud's main business covers artificial intelligence basic software development, intelligent hardware, large models, industry solutions, data annotation, and basic services.