Huali Group announced that it plans to jointly invest with Anqing Anxin Sporting Goods Co., Ltd. to establish Emeishan Yongbang Shoes Co., Ltd. to develop and manufacture shoes. The registered capital of the joint venture shall not exceed 250 million yuan, of which the company plans to pledge no more than 200 million yuan, with a shareholding ratio of not less than 60%. The investment was reviewed and approved by the 6th meeting of the 3rd board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a related transaction or major asset restructuring. After the establishment of the joint venture, it will become a holding subsidiary of the company and will be included in the scope of the consolidated statements. The transaction will not have a significant adverse impact on the company's financial and operating results, and there is still uncertainty about related matters.

Huali Group announced that it plans to jointly invest with Anqing Anxin Sporting Goods Co., Ltd. to establish Emeishan Yongbang Shoes Co., Ltd. to develop and manufacture shoes. The registered capital of the joint venture shall not exceed 250 million yuan, of which the company plans to pledge no more than 200 million yuan, with a shareholding ratio of not less than 60%. The investment was reviewed and approved by the 6th meeting of the 3rd board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a related transaction or major asset restructuring. After the establishment of the joint venture, it will become a holding subsidiary of the company and will be included in the scope of the consolidated statements. The transaction will not have a significant adverse impact on the company's financial and operating results, and there is still uncertainty about related matters.