Henan Huihuang Technology Co., Ltd. Announcement on Wholly-Owned Subsidiary's Joint Investment with Professional Investment Institution
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Risk Warning:
- The partnership has not yet completed the change registration procedures with the enterprise registration authority, and the implementation process and progress are uncertain. The partnership's operations will be affected by various factors such as the macroeconomic environment, industry cycles, market changes, and investment targets. There is a risk that investment projects may not achieve expected returns, a risk of inability to exit in a timely and effective manner, and even a risk of investment failure and fund losses. The partnership does not provide capital preservation or minimum return guarantees. As a limited partner, the Company's investment risk is limited to its subscribed capital contribution.
- The Company's investment share in the partnership is small, and it does not serve as a member of the investment decision committee, so it will not have a significant impact on the partnership's decisions.
- The fund has characteristics such as a long investment cycle and low liquidity, and this investment carries the risk of a long recovery period.
- The funds for this investment come from the company's own capital and will not affect the normal operation of the company's production and business activities. There is no situation that harms the interests of the company and all shareholders, and it will not have a significant impact on the company's financial and operating conditions.
- The Company will closely monitor the progress of this investment and fulfill its information disclosure obligations in a timely manner in accordance with relevant laws and regulations regarding subsequent matters of the partnership. We kindly ask investors to invest rationally and pay attention to investment risks.
I. Investment Overview
Henan Huihuang Software Co., Ltd. (hereinafter referred to as "Huihuang Software Company"), a wholly-owned subsidiary of the Company, signed the "Gongqingcheng Huihua No. 21 Venture Capital Partnership (Limited Partnership) Partnership Agreement" (hereinafter referred to as the "Partnership Agreement" or "This Agreement") on June 18, 2026, with Shanghai Muhua Jinyu Equity Investment Management Partnership (Limited Partnership) (hereinafter referred to as "Muhua Kechuang"), Beijing Muhua Innovation Enterprise Management Consulting Co., Ltd. (hereinafter referred to as "Beijing Muhua" or "General Partner"), and other limited partners. Gongqingcheng Huihua No. 21 Venture Capital Partnership (Limited Partnership) (hereinafter referred to as the "Partnership" or "Huihua No. 21") has a committed scale of RMB 53.70 million. Huihuang Software Company, as a limited partner, will use its own funds to invest RMB 5.00 million to subscribe for fund shares in the Partnership. The Company's current investment does not constitute control or joint control over the Partnership, nor does it have a significant impact on the Partnership.
According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 7 - Transactions and Connected Transactions," and the "Articles of Association," this outbound investment does not constitute a connected transaction, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," and does not require submission to the Company's Board of Directors and Shareholders' Meeting for deliberation.
II. Basic Information of the Cooperating Parties
(I) Basic Information of the Fund Manager