Anjiao Smart Electronics announced that the 23rd meeting of the 5th board of directors of the company reviewed and passed a bill to invest in the establishment of a wholly-owned subsidiary Anjiao Smart Electronics International Co., Ltd. in the Hong Kong Special Administrative Region of China, with a registered capital of 1 million Hong Kong dollars. The proposed business scope is sales and investment control of power system equipment and services. Ultimately, the registration details shall prevail. After the establishment of the subsidiary, it will be included in the scope of the company's consolidated statements. This investment does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for review. Currently, the establishment matters still need to be reviewed and filed by the relevant competent authorities, and there is some uncertainty.

Anjiao Smart Electronics announced that the 23rd meeting of the 5th board of directors of the company reviewed and passed a bill to invest in the establishment of a wholly-owned subsidiary Anjiao Smart Electronics International Co., Ltd. in the Hong Kong Special Administrative Region of China, with a registered capital of 1 million Hong Kong dollars. The proposed business scope is sales and investment control of power system equipment and services. Ultimately, the registration details shall prevail. After the establishment of the subsidiary, it will be included in the scope of the company's consolidated statements. This investment does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for review. Currently, the establishment matters still need to be reviewed and filed by the relevant competent authorities, and there is some uncertainty.