Yunyi Electric announced that the company plans to jointly fund the establishment of Jiangsu Yineng Energy Technology Co., Ltd. with Yunchuang Zhilian, Polestar Intelligent Computing, Maxim, Fu Hongling, and Meng Xizhu to focus on R&D, production and sales of solid oxide fuel cell products. The joint venture has a registered capital of 20 million yuan, and the company has pledged 4.05 million yuan with its own capital and holds 20.25% of the shares. Since Fu Hongling, the actual controller, chairman and general manager of the company, directly holds shares and is an executive partner of Yunchuang Zhilian, this transaction constitutes a related transaction and does not constitute a major asset restructuring. The 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. The establishment and subsequent operation of a joint venture involves risks such as industrial and commercial approval, R&D, and market expansion falling short of expectations.

Yunyi Electric announced that the company plans to jointly fund the establishment of Jiangsu Yineng Energy Technology Co., Ltd. with Yunchuang Zhilian, Polestar Intelligent Computing, Maxim, Fu Hongling, and Meng Xizhu to focus on R&D, production and sales of solid oxide fuel cell products. The joint venture has a registered capital of 20 million yuan, and the company has pledged 4.05 million yuan with its own capital and holds 20.25% of the shares. Since Fu Hongling, the actual controller, chairman and general manager of the company, directly holds shares and is an executive partner of Yunchuang Zhilian, this transaction constitutes a related transaction and does not constitute a major asset restructuring. The 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. The establishment and subsequent operation of a joint venture involves risks such as industrial and commercial approval, R&D, and market expansion falling short of expectations.