Fortune Techgroup has officially declared that, pursuant to the "Cooperation and Investment Letter of Intent Agreement," it retains the discretionary right to augment its equity stake in Chipmool up to a maximum of 20%. Nonetheless, the execution of this follow-up investment strategy is predicated on Chipmool attaining certain predefined business milestones. Specifically, Chipmool's consolidated financial statement must reflect a principal business revenue of RMB 600 million for the fiscal year 2025.

Recently, Fortune Techgroup was duly notified by Chipmool that its principal business revenue for 2025 fell short of the stipulated target. In light of the substantial surge in Chipmool's prevailing financing valuation, both entities engaged in extensive consultations. However, these discussions culminated in an impasse, as the two parties were unable to forge a consensus on extending the business objectives to the year 2026.

Consequently, Fortune Techgroup has made the strategic decision to relinquish its entitlement to proceed with the follow-up investment, as explicitly delineated in the letter of intent agreement.