Hebai Group stated on the interactive platform that in order to further broaden the company's industrial investment layout, the company paid 180 million yuan to participate in the Hefei Guolian Capital Equity Investment Fund, and the Hefei Guolian Capital Equity Investment Fund invested 450 million yuan in Changxin Technology Group Co., Ltd. through the Industrial Investment No.1 Fund. For information related to Changxin Technology's IPO process, please refer to the official disclosure of Changxin Technology or the content published by the supervisory authorities.

Hebai Group stated on the interactive platform that in order to further broaden the company's industrial investment layout, the company paid 180 million yuan to participate in the Hefei Guolian Capital Equity Investment Fund, and the Hefei Guolian Capital Equity Investment Fund invested 450 million yuan in Changxin Technology Group Co., Ltd. through the Industrial Investment No.1 Fund. For information related to Changxin Technology's IPO process, please refer to the official disclosure of Changxin Technology or the content published by the supervisory authorities.