Xinte Electric announced that the company plans to use no more than 5 million yuan of its own capital to subscribe to Smart Start's 5.56% share. Tan Yong, the controlling shareholder and actual controller of the company, plans to use no more than 6.6 million yuan of his own capital to subscribe, accounting for 7.33% of the share. Smart Sailing has actually raised 90 million yuan this time to invest in shares in AI computing power companies. The transaction has been reviewed by independent directors and board of directors. It does not constitute a major asset restructuring, and there is no need to submit it to the shareholders' meeting for review. Investments can be affected by many factors, and there are certain risks.

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