Core Viewpoint - Zhejiang Dongjing Electronics Co., Ltd. has approved the establishment of a wholly-owned subsidiary, Shanxi Dongtuo New Energy Technology Co., Ltd., with an investment of 20 million yuan from its own funds, which aligns with the company's overall strategy and is not expected to adversely affect financial and operational results [1] Group 1 - The board of directors convened the 13th meeting of the 7th session to review and approve the establishment of the subsidiary [1] - The investment amount for the new subsidiary is set at 20 million yuan [1] - The legal representative of the subsidiary will be Meng Jia, and it will be located in Lvliang City, Shanxi Province, focusing on new material technology research and development [1] Group 2 - The decision falls within the board's decision-making authority and does not constitute a related party transaction or a major asset restructuring [1] - The company plans to enhance management and internal controls to promote the stable development of the subsidiary [1] - While the investment is based on the company's overall strategy, it may face various uncertainties in the future [1]

Investment Adjustment Overview - Company announced an adjustment to increase investment in its subsidiary, Sportsoul Health Technology Co., Ltd. (Vietnam) from the originally planned $24.72 million to $20.52 million [2][10] - The new investment structure will result in the company directly holding 95% of the subsidiary's registered capital, while the subsidiary's total registered capital will increase to $21.6 million [4][5] Investment Details - The investment will be made through the company's own funds and self-raised funds, with the company contributing $20.52 million directly [2][4] - The previous plan involved contributions from both the company and Cyverce LLC according to their respective shareholding ratios [2][3] Board Meeting and Approval - The company's board of directors held a meeting on July 29, 2025, where the investment adjustment was unanimously approved [9][15] - The decision does not require shareholder approval as per relevant regulations [9] Purpose and Impact of Investment - The adjustment is aimed at aligning with local policies and market risks, enhancing operational capacity, and improving overall competitiveness and sustainable development [10] - The investment is not expected to significantly impact the company's existing business operations or financial status [10] Compliance and Documentation - The investment agreement will be effective upon completion of necessary internal approvals and government approvals [8] - The company will maintain compliance with legal requirements and ensure timely disclosure of investment progress [12]

Core Viewpoint - The company Tianchen Co., Ltd. has announced an investment of 40 million RMB to establish a wholly-owned subsidiary, Wuhu Tianchen New Energy Engineering Co., Ltd., which aligns with its development strategy and will not adversely affect its financial and operational status [1] Group 1 - The investment amount is 40 million RMB [1] - The subsidiary has completed the necessary business registration and obtained a business license [1] - The investment is in line with the company's development strategy [1]

Overview of the Capital Increase - The company plans to increase the capital of its wholly-owned subsidiary, Hangzhou Wulian Technology Co., Ltd., by 31 million yuan, raising its registered capital from 4 million yuan to 35 million yuan to support business development and improve financial structure [1][3]. Details of the Capital Increase - The capital increase was approved during the company's board meeting on May 13, 2025, and does not require shareholder approval as it falls within the board's authority [1]. - The increase is funded by the company's own funds and will not adversely affect the company's financial status or operational conditions [4]. Financial Status of the Subsidiary - As of December 31, 2024, Wulian Technology had total assets of 14.215 million yuan, total liabilities of 212.3015 million yuan, and a net asset of -19.80865 million yuan. For the year 2024, it reported revenue of 31.4055 million yuan and a net loss [3]. - As of March 31, 2025, the subsidiary's total assets were 21.062 million yuan, total liabilities were 223.3324 million yuan, and net assets were -20.22704 million yuan, with first-quarter revenue of 8.3558 million yuan and a net loss of 418.39 thousand yuan [3]. Strategic Implications - The capital increase aligns with the company's strategic planning and long-term interests, aiming to enhance Wulian Technology's operational capabilities and financial health [3].