Huaqin Technology announced that Hefei Qinhe, a wholly-owned subsidiary of the company, plans to jointly increase capital with Jinghe Integrated and Hefei Construction Investment to Jingyi Integrated, a wholly-owned subsidiary of Jinghe Integrated, at a price of 1 yuan/registered capital. The parties increased the total capital by 9.1 billion yuan, of which Hefei Qinhe plans to invest 1 billion yuan. After the capital increase is completed, Hefei Qinhe will hold 9.01% of Jingyi Integrated's shares. Jingyi Integration will become the company's participating company, and will not result in a change in the scope of the consolidated statement. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review; it still needs to be reviewed by the Jinghe Integrated Shareholders' Meeting.

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