According to the SDIC Intelligence announcement, the company held a board meeting on July 9, 2026 to review and pass a bill to absorb and merge the holding subsidiary Xiamen Meiya Zhongmin Technology Co., Ltd. with its wholly-owned subsidiary Changshu Tengrui Intelligent Technology Co., Ltd. After the merger is completed, Changshu Tengrui will be cancelled, and all of its assets, liabilities, and other rights and obligations will be taken over by the US, Asia, and Zhongmin. This transaction is an internal wholly-owned parent and subsidiary integration, and does not constitute a related transaction or major asset restructuring. The purpose of this absorption and merger is to optimize industrial layout, reduce costs, etc., and will not have a significant adverse impact on the company's overall consolidated assets, revenue, and net profit, but there is a certain risk of uncertainty. The board of directors authorized management to handle related work within 12 months.

According to the SDIC Intelligence announcement, the company held a board meeting on July 9, 2026 to review and pass a bill to absorb and merge the holding subsidiary Xiamen Meiya Zhongmin Technology Co., Ltd. with its wholly-owned subsidiary Changshu Tengrui Intelligent Technology Co., Ltd. After the merger is completed, Changshu Tengrui will be cancelled, and all of its assets, liabilities, and other rights and obligations will be taken over by the US, Asia, and Zhongmin. This transaction is an internal wholly-owned parent and subsidiary integration, and does not constitute a related transaction or major asset restructuring. The purpose of this absorption and merger is to optimize industrial layout, reduce costs, etc., and will not have a significant adverse impact on the company's overall consolidated assets, revenue, and net profit, but there is a certain risk of uncertainty. The board of directors authorized management to handle related work within 12 months.