Core Viewpoint - Hongchang Technology has revealed its investment in a high-quality joint company, which has a core team sourced from a well-known Japanese reducer company, and has established good cooperation with several domestic humanoid robot companies [1] Investment and Cooperation - Hongchang Technology invested in the high-quality joint company at the beginning of this year and has agreed on related preferential acquisition rights [1] - The customer expansion of the high-quality joint company has progressed smoothly, and its new manufacturing plant located in Pinghu has been preliminarily completed [1] - The company is actively communicating with relevant shareholders to promote an increase in its shareholding ratio in the high-quality joint company [1] Strategic Communication - Since September 2025, the chairman and general manager of Hongchang Technology have maintained frequent communication with the management team of Nidec Transmission in China, focusing on business alignment and deepening cooperation [1] - The management team plans to visit the Japanese headquarters of Nidec Transmission together with the China team in the future [1] Industry Positioning - Through investments and collaborations, Hongchang Technology is continuously deepening its layout in the core components of the robotics field, which is expected to further enhance the company's competitiveness in the industry chain [1]