Xiang Piaopiao announced that the company, as a limited partner, has pledged an investment of 10.55 million yuan, accounting for 16.66% of Suzhou Xingchuangjuda Venture Capital Partnership, and completed the filing with the China Securities Investment Fund Industry Association on August 28, 2026. The fund targets a total pledged investment of 63.31 million yuan. The investment direction is the domestic offline space brand “Star Party” and related entities. The current investment capital is our own capital and will not have a significant impact on the company's business performance in 2026.

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