Xianfeng Holdings announced that Xianfeng Electronic Technology Co., Ltd., a wholly-owned subsidiary of the company, signed a joint venture agreement with Guangdong Yingshuo Electronics Co., Ltd. to jointly fund the establishment of Xianfeng Yingshuo Technology Co., Ltd., with a registered capital of 118 million yuan. Among them, Xianfeng Dongguan invested 60.18 million yuan to hold 51% of the shares, and Guangdong Yingshuo invested 57.82 million yuan to hold 49% of the shares in currency and in kind. The main business of the joint venture is R&D, production and sales of PCBs in the consumer sector. The matter has been reviewed and approved by the 28th meeting of the 8th board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration.

Xianfeng Holdings announced that Xianfeng Electronic Technology Co., Ltd., a wholly-owned subsidiary of the company, signed a joint venture agreement with Guangdong Yingshuo Electronics Co., Ltd. to jointly fund the establishment of Xianfeng Yingshuo Technology Co., Ltd., with a registered capital of 118 million yuan. Among them, Xianfeng Dongguan invested 60.18 million yuan to hold 51% of the shares, and Guangdong Yingshuo invested 57.82 million yuan to hold 49% of the shares in currency and in kind. The main business of the joint venture is R&D, production and sales of PCBs in the consumer sector. The matter has been reviewed and approved by the 28th meeting of the 8th board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration.