Huarui Precision announced that the company has used 45 million yuan of self-raised capital to participate in the bankruptcy and restructuring of Xinfeng Huarui, obtained 100.00% of Xinfeng Huarui's shares, and Xinfeng Huarui became a wholly-owned subsidiary of the company. This investment does not involve related transactions and does not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”. Investment matters fall within the scope of approval of the company's general manager, and there is no need to submit them to the company's board of directors and shareholders' meeting for consideration.

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