Fashilong announced that the company plans to invest an additional 87 million yuan in the holding subsidiary Gu Wang Jinhua. Gu Wang Jinhua plans to establish three holding subsidiaries together with related party Beijing and Jiesheng Yun Enterprise Management Partnership: Kaiyang Zhizao has a registered capital of 100 million yuan, Gu Wang Jinhua has a registered capital of 52 million yuan, holding 52% of the shares; Yao Guang Jingtai has a registered capital of 10 million yuan, Gu Wang Jinhua has pledged 7.5 million yuan and holds 75% of the shares. This matter constitutes a related transaction. It has been reviewed and approved by the 16th meeting of the third board of directors of the company. It will be submitted to the second extraordinary shareholders' meeting in 2026 for review, and management will also be authorized to handle the relevant establishment work.

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