Boteng Co., Ltd. announced that the board of directors of the company reviewed and passed the bill and agreed to transfer 3.75% of the partnership share of the Hangzhou Fuyao Xingqi Achievements and Venture Capital Partnership held by Ningbo Xinhui Investment Partnership at zero yuan, corresponding to the pledged capital of 30 million yuan. After the transfer is completed, the company will fulfill the corresponding payment obligation, directly hold 3.75% of the fund's share, and not have a single vote to veto the fund's proposed investment targets. This transaction does not constitute a major asset restructuring or related transaction, and there is no need to submit it to the shareholders' meeting for consideration.

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