Core Viewpoint - The announcement by the company regarding the completion of the deregistration process for the Shanghai Chenglin Venture Capital Partnership indicates a strategic shift in response to changing market conditions [2] Group 1: Fund Establishment and Dissolution - The Shanghai Chenglin Venture Capital Partnership was established in December 2023, with the company contributing 100 million RMB as a limited partner [2] - Due to significant changes in the industry and investment market environment, all partners unanimously decided to dissolve the fund in April 2025 [2] - The fund has completed all necessary deregistration procedures as confirmed by the market regulatory authority [2] Group 2: Impact on the Company - The company stated that the liquidation and deregistration of the fund will not have a significant impact on its current financial status, operations, or sustainable development [2] - There are no indications that the dissolution of the fund will harm the interests of the company or its shareholders [2]

Core Viewpoint - The company has completed the deregistration process for the industry fund it participated in, indicating a strategic shift in response to changing market conditions [1] Group 1: Fund Establishment and Operations - The company participated as a limited partner in the establishment of the Shanghai Chenglin Venture Capital Partnership, contributing 100 million RMB [1] - The industry fund completed its business registration and obtained a business license in December 2023 [1] Group 2: Fund Dissolution - Due to changes in the market environment, all partners of Chenglin Venture Capital decided to dissolve the fund in April 2025 and established a liquidation team to handle the winding-up process [1] - The liquidation and deregistration of the industry fund will not have a significant impact on the company's current financial status, operations, or sustainable development [1]