Announcement on Joint Investment in Establishing Companies and Related Party Transactions
The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not have any false records, misleading statements, or major omissions.
I. Overview of Related Party Transactions
(I) Basic Situation Hangzhou Wensli Silk Culture Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the fourth board of directors via communication on June 16, 2026, and reviewed and approved the "Proposal on Joint Investment with Related Parties to Establish Companies and Related Party Transactions." The Company plans to invest a total of RMB 10.2 million of its own funds, jointly with Hangzhou Jinhan Enterprise Management Consulting Co., Ltd. and Hangzhou Wanling Information Consulting Co., Ltd., to establish Zhejiang Wensli Life Health Technology Co., Ltd. and Zhejiang Wensli Textile Equipment Research and Development Co., Ltd. (final names subject to industrial and commercial registration, hereinafter referred to as the target companies).
(II) Related Party Transaction Details Hangzhou Jinhan Enterprise Management Consulting Co., Ltd. and Hangzhou Wanling Information Consulting Co., Ltd. are companies invested in by Mr. Li Jianhua, the actual controller of the Company. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 2 - Norms for the Operation of GEM Listed Companies," and other relevant regulations, this transaction constitutes a related party transaction. This transaction does not meet the standard of major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not constitute a major asset restructuring.
(III) Decision-Making and Review Procedures The Company held the second meeting of the fourth board of directors via communication on June 16, 2026, and reviewed and approved the "Proposal on Joint Investment with Related Parties to Establish Companies and Related Party Transactions." Related directors Li Jianhua, Tu Hongyan, and Du Haijiang abstained from voting. This matter has been reviewed and approved by the first meeting of the fourth independent directors' special committee. According to the "Listing Rules" and "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 7 - Transactions and Related Transactions," and other laws and regulations, this related party transaction is within the scope of the board of directors' approval authority and does not require submission to the shareholders' meeting for review.
II. Basic Information of Related Parties
- Hangzhou Jinhan Enterprise Management Consulting Co., Ltd.