Core Viewpoint - The establishment of a wholly-owned subsidiary by the company is aimed at strategic planning and operational development, enhancing competitive capabilities and expanding growth opportunities [1] Group 1 - The wholly-owned subsidiary, Changsha Zhuolian Yixin Technology Co., Ltd., has completed its business registration and obtained a business license [1] - The registered capital of Zhuolian Yixin is 1 million yuan, and it was established on November 17, 2025 [1] - The legal representative of the new subsidiary is Kou Guozhi [1]

Core Viewpoint - The company plans to establish a wholly-owned subsidiary, Beijing Digital Zhengtong Technology Service Co., Ltd., in Haidian District, Beijing, with a registered capital of 5 million yuan, using its own funds for the investment, and holding a 100% stake [1] Group 1 - The investment was approved at the fourth meeting of the sixth board of directors on May 16, 2025, and does not constitute a related party transaction or a major asset reorganization [1] - The new subsidiary aims to deepen business expansion in the Beijing area, enhance asset utilization efficiency and long-term value, strengthen risk management, promote sustainable business development, and enhance the company's overall competitiveness, aligning with the company's strategic planning [1]