China Holdings announced that the company plans to jointly invest and establish a joint venture with the controlling shareholder Shandong Yuexin Electronic Technology Co., Ltd., a wholly-owned subsidiary of Jiangsu Xinchangzheng Microelectronics Group Co., Ltd., to mainly carry out semiconductor equipment business. The registered capital of the joint venture is 100 million yuan. The company and Yuexin Electronics hold 51% and 49% of the shares respectively, and the corresponding investment amounts are 51 million yuan and 49 million yuan respectively. The two sides plan to pay their contributions in installments within three years after the establishment of the joint venture. This transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review.

China Holdings announced that the company plans to jointly invest and establish a joint venture with the controlling shareholder Shandong Yuexin Electronic Technology Co., Ltd., a wholly-owned subsidiary of Jiangsu Xinchangzheng Microelectronics Group Co., Ltd., to mainly carry out semiconductor equipment business. The registered capital of the joint venture is 100 million yuan. The company and Yuexin Electronics hold 51% and 49% of the shares respectively, and the corresponding investment amounts are 51 million yuan and 49 million yuan respectively. The two sides plan to pay their contributions in installments within three years after the establishment of the joint venture. This transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review.