On February 11, reports surfaced indicating that Xinhenghui has unveiled its intention to invest RMB 200 million in subscribing to RMB 6.7545 million worth of newly increased registered capital in Zibo Core Material Integrated Circuit Co., Ltd. Post-transaction, Xinhenghui is set to acquire a 10.53% equity stake in the company. Notably, among the current shareholders of Zibo Core Material, Ren Zhijun, Gongqingcheng Xincai Huineng Investment Partnership Enterprise (a limited partnership), Gongqingcheng Xincai Jiahe Phase II Investment Partnership Enterprise (a limited partnership), and Zibo Qixin Industrial Investment Partnership Enterprise (a limited partnership) are all entities affiliated with Xinhenghui. Consequently, this investment is deemed a related-party transaction. This related-party transaction has received approval from the 14th meeting of the second session of Xinhenghui's board of directors, with the involved directors abstaining from the voting process, adhering to standard corporate governance practices.