Project Investment Overview
Qingdao Yingpais Health Technology Co., Ltd. (hereinafter referred to as "the Company") aims to align with the new trend of intelligent upgrades in the sports manufacturing industry, seize market opportunities arising from the rapid development of the sports health industry, optimize the company's product structure, consolidate and enhance its industry position, and meet long-term development needs. The Company plans to invest in the construction of the Hainan Yingpais Smart Sports Industry Park project (hereinafter referred to as "the Project") through a wholly-owned subsidiary established in Hainan. The total investment amount for the Project is approximately 658.50 million yuan, divided into two phases, with the first phase being the smart fitness and health equipment research and manufacturing base project, with an investment amount of approximately 298.61 million yuan. Subsequent investments will be implemented in phases and batches based on actual operational needs and market demand.
On May 29, 2026, the Company held the fourth meeting of the fourth board of directors, where the proposal for the investment and construction of the Hainan Yingpais Smart Sports Industry Park project was approved. The management was authorized to handle this investment matter and sign relevant agreements and legal documents. According to the Shenzhen Stock Exchange Listing Rules and the Articles of Association of Qingdao Yingpais Health Technology Co., Ltd., this investment matter falls within the board's approval authority and does not require submission to the shareholders' meeting for deliberation. This investment does not constitute a related party transaction, nor does it constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Reorganizations of Listed Companies."