Joyang Co., Ltd. (002242.SZ): Investments with deep thinking have a low shareholding ratio and are not included in the scope of the company's consolidated statements

Zhitong Finance App News, Jiuyang Co., Ltd. (002242.SZ) issued a stock price change announcement stating that the company currently holds 7.92% of the shares in Deep Thinking Artificial Intelligence Robotics Technology (Beijing) Co., Ltd. (“Deep Thinking”). The company has a low investment holding ratio and is not included in the scope of the company's consolidated statements. The company is deeply involved in brain-like artificial intelligence and multi-modal semantic understanding technology, and this investment will not have a significant impact on the company's current main business and operating performance. As of the disclosure date, the company and Huawei did not have a strategic partnership as rumored in the market. The relationship between the company and Huawei is mainly due to the fact that both parties hold shares in Deep Thinking, of which investors under Huawei hold part of their shares. Other than the above, the company has found no major cooperation matters relating to Huawei that should have been disclosed but not disclosed.

The company participated in Xiangke Intelligent Technology (Beijing) Co., Ltd. through its wholly-owned subsidiary (Hangzhou Jiuyang Small Home Appliance Co., Ltd.), that is, it has invested financially in robot-related fields. The related business is still in its early stages, and there is currently no significant impact on the company's revenue and profits. The company's investment and shareholding ratio in the above enterprises is low, and it will not affect their financing decisions and daily operations. The above enterprises are also not included in the scope of the company's consolidated statements. The company has no substantial business collaboration with them, and related investments will not have a significant impact on the company's current main business and operating performance. Currently, the company's main business is still mainly R&D, production and sales of small kitchen appliances and related products. Investors are kindly requested to pay attention to investment risks.