Guanghua Technology announced that the company plans to invest 225 million yuan of its own capital and self-raised capital in Hebei Kainuo Zhongxing Technology Co., Ltd. through capital increases and equity transfers. Of this, 200 million yuan will be used to subscribe for additional registered capital of Keno Zhongxing and 25 million yuan will be used to transfer part of Keno Zhongxing's shares held by Nanjing Octavia. After the transaction is completed, the company will hold 21.46% of Keno Zhongxing's shares. Keno Zhongxing will become the company's participating company and will not be included in the scope of the consolidated statement. The transaction has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for review. It does not constitute a related transaction or major asset restructuring. There is still uncertainty about the underlying share delivery and commercial and commercial changes.

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