Core Viewpoint - The company aims to enhance its long-term, stable, and sustainable development by acquiring a property in Shanghai for its future research and design center, which will also serve as an office space for daily operations [1] Group 1: Acquisition Details - The company plans to purchase a building located at 666 Lane, Yinggang East Road, Xujing Town, Qingpu District, Shanghai, consisting of 1-5 floors above ground and 1-3 floors underground [1] - The total area of the property is approximately 3,852.46 square meters [1] - The estimated total transaction price for the property is RMB 87 million [1] Group 2: Strategic Intent - The acquisition is intended to meet the company's needs for high-end product research and design, enhance operational resilience, and support future business development [1] - The decision was approved during the company's seventh board meeting held on January 16, 2026, and does not involve any related party transactions [1]

Core Viewpoint - The company aims to enhance operational efficiency and optimize its asset structure by acquiring a 45% stake in He Li Real Estate Co., Ltd. and corresponding debt from Shanghai Bund Investment Development (Group) Co., Ltd. to secure office space for its future development needs [1][2] Group 1 - The company held its 13th meeting of the third board of directors and the 13th meeting of the third supervisory board on July 4, 2025, to approve the proposal for participating in the auction [1] - The company plans to use cash to bid for a 45% equity stake and a debt of 58.36 million yuan (approximately 8.5 million USD) in He Li Real Estate [1][2] - The targeted property for acquisition is located at 1010-1016 Wai Ma Road, Huangpu District, Shanghai, with a total area of 1,492.20 square meters and a building area of 7,704.60 square meters [1] Group 2 - The starting price for the equity and debt transfer is set at 261.98 million yuan (approximately 38.5 million USD), with the final transaction amount to be determined by the auction results [2] - As part of the transaction, the company and Bund Investment are required to provide shareholder loans to He Li Real Estate, with a financial support amount not exceeding 31 million yuan (approximately 4.5 million USD) [2] - A cooperation intention agreement was signed between the company, Bund Investment, and He Li Real Estate on the same day to formalize the bidding process [2]