According to the announcement of Xinhe Co., Ltd., a wholly-owned subsidiary of the company, previously used 10 million yuan of its own capital to subscribe for Xiamen Borui Hengchang Venture Capital Partnership Fund shares as a limited partner, accounting for 16.58% of its total pledged investment. Since the special fund was unable to complete the agreed investment matters, the company decided to withdraw from the above investment fund in order to reduce investment risks and management costs and optimize resource allocation. As of the announcement disclosure date, the company has fully recovered all investment funds. This withdrawal will not have a significant impact on the company's financial situation, production and operation, and does not constitute a related transaction or major asset restructuring.

According to the announcement of Xinhe Co., Ltd., a wholly-owned subsidiary of the company, previously used 10 million yuan of its own capital to subscribe for Xiamen Borui Hengchang Venture Capital Partnership Fund shares as a limited partner, accounting for 16.58% of its total pledged investment. Since the special fund was unable to complete the agreed investment matters, the company decided to withdraw from the above investment fund in order to reduce investment risks and management costs and optimize resource allocation. As of the announcement disclosure date, the company has fully recovered all investment funds. This withdrawal will not have a significant impact on the company's financial situation, production and operation, and does not constitute a related transaction or major asset restructuring.