Tuojing Technology announced that the company plans to jointly invest in Xinfeng Precision with the related party Fengquan Venture Capital. The company plans to use no more than RMB 270 million to transfer the registered capital of Xinfeng Precision's original shareholders, accounting for 16.4154% of Xinfeng Precision's registered capital after the current round of financing; Fengquan Venture Capital plans to use RMB 30 million to transfer the registered capital of 1.1093 million yuan held by the original shareholders of Xinfeng Precision, accounting for 1.8239% of Xinfeng Precision's registered capital after the current round of financing. The transaction involved a joint investment with the related party Fengquan Venture Capital, which constituted a related transaction, but did not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”. The transaction was reviewed and approved at the 21st meeting of the second board of directors of the company. Related directors Mr. Lu Guangquan and Ms. Liu Jing have avoided voting, and the matter still needs to be submitted to the company's shareholders' meeting for review.

Tuojing Technology announced that the company plans to jointly invest in Xinfeng Precision with the related party Fengquan Venture Capital. The company plans to use no more than RMB 270 million to transfer the registered capital of Xinfeng Precision's original shareholders, accounting for 16.4154% of Xinfeng Precision's registered capital after the current round of financing; Fengquan Venture Capital plans to use RMB 30 million to transfer the registered capital of 1.1093 million yuan held by the original shareholders of Xinfeng Precision, accounting for 1.8239% of Xinfeng Precision's registered capital after the current round of financing. The transaction involved a joint investment with the related party Fengquan Venture Capital, which constituted a related transaction, but did not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”. The transaction was reviewed and approved at the 21st meeting of the second board of directors of the company. Related directors Mr. Lu Guangquan and Ms. Liu Jing have avoided voting, and the matter still needs to be submitted to the company's shareholders' meeting for review.