Core Viewpoint - The company Fawer Co., Ltd. plans to participate in a capital increase of Qiyu Technology through a public bidding process on the Shenzhen United Property Exchange, with an investment amount of 150 million yuan [1] Group 1: Investment Details - The capital increase amount is set at 150 million yuan, with a subscription price not exceeding the assessed net asset value of Qiyu Technology, which is 332.737 million yuan, combined with the registered capital of 60 million yuan due in December 2025 [1] - If the public bidding is successful, the company will hold approximately 18.92% equity in Qiyu Technology [1] Group 2: Company Background - Qiyu Technology focuses on the research, development, manufacturing, sales, and operation of new intelligent mobility equipment [1] - The company has successfully completed the first test of its independently developed prototype, Hongqi Tianran No. 1 [1]