Yunyi Electric announced that on September 26, 2024, the company and related parties Xuzhou Kunpeng and Meng Xizhu jointly funded the establishment of Xinyuan Intelligent Control. The registered capital of Xinyuan Intelligent Control was 50 million yuan, the company pledged 30 million yuan to hold 60% of the shares, Xuzhou Kunpeng pledged 19 million yuan to hold 38% of the shares, and Meng Xizhu pledged 1 million yuan to hold 2% of the shares. Since Fu Hongling, the actual controller of the company, is the executive partner of Xuzhou Kunpeng, the transaction constituted a related transaction. The company held a supplementary review by the board of directors on October 14, 2026. The relevant directors have avoided voting, and independent directors have reviewed and passed the bill. There is no need to submit this matter to the shareholders' meeting for consideration.

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