Shenke Co., Ltd. announced that in order to implement its strategic positioning and achieve industrial upgrading, the company plans to establish an R&D headquarters in Shanghai, with an investment of no more than 50 million yuan. The funding methods are self-owned and self-funded, and the business covers research on new materials, etc. The investment does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the Board's Strategy Committee and does not require approval from the shareholders' meeting. This move has helped the company to achieve breakthroughs in various fields and carry out industry-university-research cooperation, etc., but there may be management and market risks in the early stages of implementation, and related matters still require approval from the industry and commerce department.

Shenke Co., Ltd. announced that in order to implement its strategic positioning and achieve industrial upgrading, the company plans to establish an R&D headquarters in Shanghai, with an investment of no more than 50 million yuan. The funding methods are self-owned and self-funded, and the business covers research on new materials, etc. The investment does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the Board's Strategy Committee and does not require approval from the shareholders' meeting. This move has helped the company to achieve breakthroughs in various fields and carry out industry-university-research cooperation, etc., but there may be management and market risks in the early stages of implementation, and related matters still require approval from the industry and commerce department.