According to the blue cursor announcement, the fourth meeting of the 7th board of directors of the company reviewed and passed the relevant bill. The company and its subsidiaries intend to apply for accounts receivable factoring business from institutions with business qualifications. The total amount of factoring financing shall not exceed 2 billion yuan. The quota period is within 12 months from the date of review and approval by the board of directors. The amount can be recycled during the period. The specific term of each factoring business is subject to individual factoring contract agreements. The board of directors authorized the company's management to be responsible for specific organization implementation and signing relevant documents within the approved quota. This matter does not constitute a related transaction, is not a major asset restructuring, and does not need to be submitted to the shareholders' meeting for consideration.

According to the blue cursor announcement, the fourth meeting of the 7th board of directors of the company reviewed and passed the relevant bill. The company and its subsidiaries intend to apply for accounts receivable factoring business from institutions with business qualifications. The total amount of factoring financing shall not exceed 2 billion yuan. The quota period is within 12 months from the date of review and approval by the board of directors. The amount can be recycled during the period. The specific term of each factoring business is subject to individual factoring contract agreements. The board of directors authorized the company's management to be responsible for specific organization implementation and signing relevant documents within the approved quota. This matter does not constitute a related transaction, is not a major asset restructuring, and does not need to be submitted to the shareholders' meeting for consideration.