Yongli Co., Ltd. announced that the company's holding subsidiary, Shanghai Yulipu Intelligent Equipment Manufacturing Co., Ltd., used its own capital of 10 million yuan to establish a wholly-owned subsidiary, Yulipu Intelligent Equipment Manufacturing Co., Ltd., in Kunshan. It has recently completed industrial and commercial registration and obtained a business license. Shanghai Ulipu holds 100% of Kunshan Ulipu's shares. The newly established subsidiary mainly carries out R&D, production and sales of smart stand-alone equipment and related products. This investment is within the scope of the CEO's approval authority, does not involve related transactions, and does not constitute a major asset restructuring.

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