Xinguangyi: intends to use its own funds to establish a wholly-owned subsidiary, Suzhou Xinguangyi Investment Co., Ltd., with a registered capital of RMB 50 million.

New Guangyi announcement: The company held a board meeting on March 27, 2026, at which the proposal to establish a wholly owned subsidiary, Suzhou Xinguangyi Investment Co., Ltd., was reviewed and approved. The subsidiary’s registered capital is RMB 50 million, and the company will hold 100% of its equity. Xinguangyi Investment Co., Ltd. will serve as the company’s platform for external investments, with the aim of building a specialized investment platform, which will be beneficial to the company’s long-term development and meets the company’s strategic development needs.

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