Pan Asia Micro announced changes. The smart industry is still in the early stages of commercialization, and there are uncertainties about the maturity of technology, the cultivation of downstream market demand, and the ability to support the industrial chain. At the same time, physical AI technology still faces multiple challenges from laboratory demonstrations to large-scale implementation in real scenarios, such as perception accuracy, motion control stability, data accumulation, and software/hardware collaboration. The maturity of related technology paths and business models will take time to verify. Relying on the ePTFE core material platform, Gushen Intelligence Industry Company mainly lays out two major products: electronic skin substrates and high-resistance bending robot cables. The company's related products are currently still in customer testing and verification, and in the small-batch shipping stage. Their technical routes, R&D progress, performance and commercial applications all need to be continuously verified, and there is great uncertainty. As of the date of this announcement, the sales amount of the company's related products in 2026 accounted for no more than 1.00% of the company's revenue in 2025. Currently, this business contributes little to the company's overall revenue and profit, and will not have a significant impact on the company's operating performance in the short term. Please pay attention to investment risks.

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