The Huali Family announced that the company plans to cancel and liquidate the holding subsidiary Hangzhou Nanjiang Robotics Co., Ltd. The company holds 50.82% of its shares, and the holding stock Dongjiang Group holds 49.18% of its shares. The cancellation constitutes a related transaction and does not constitute a major asset restructuring. The cancellation matter has been reviewed and approved by the board of directors of the company, and the relevant directors have avoided voting, and there is no need to submit it to the shareholders' meeting for consideration. After the cancellation is completed, Nanjiang Robotics will no longer be included in the scope of the company's consolidated financial statements and will not have a significant adverse impact on the company's financial status and operating results.

The Huali Family announced that the company plans to cancel and liquidate the holding subsidiary Hangzhou Nanjiang Robotics Co., Ltd. The company holds 50.82% of its shares, and the holding stock Dongjiang Group holds 49.18% of its shares. The cancellation constitutes a related transaction and does not constitute a major asset restructuring. The cancellation matter has been reviewed and approved by the board of directors of the company, and the relevant directors have avoided voting, and there is no need to submit it to the shareholders' meeting for consideration. After the cancellation is completed, Nanjiang Robotics will no longer be included in the scope of the company's consolidated financial statements and will not have a significant adverse impact on the company's financial status and operating results.