According to the announcement, Ningbo Yichuang, a wholly-owned subsidiary of the company, plans to jointly invest and establish a holding subsidiary with related party Wu Shu and unrelated party Wang Yihong, with a registered capital of 2 million yuan. Ningbo will soon pledge 1,021,000 yuan, accounting for 51.05% of the shares. The investment capital was invested in two installments, with a total limit of 5 million yuan. This transaction constitutes a related transaction. It does not constitute a major asset restructuring or restructuring listing. It has been reviewed by relevant meetings, and there is no need to submit it to the shareholders' meeting for review. The target company has not been established, and there is uncertainty about subsequent implementation.

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