Great Phongs Technology: Intends to invest 600 million yuan to establish a wholly-owned subsidiary engaged in the semiconductor related auxiliary equipment business.

Daheng Technology Announcement: The company plans to invest RMB 600 million with its own funds to establish a wholly-owned subsidiary, Shanghai Xin Heng Xinrui Technology Co., Ltd., in Shanghai. The subsidiary will engage in the semiconductor related auxiliary equipment business, aiming to expand the company's business layout in the semiconductor industry and emerging industries. This investment does not constitute a related party transaction or major asset restructuring. The source of funds is from its own funds and will not have any adverse impact on the company's financial condition and operating results.