On March 27, Huamai Technology revealed its plan to utilize RMB 100 million of its own funds to subscribe to RMB 855,854 worth of newly increased registered capital in C-Mind Microelectronics (Shandong) Co., Ltd. Upon completion of this transaction, Huamai Technology will secure a 6.4103% stake in C-Mind Microelectronics, which will not be included in the consolidated financial statements. Specializing in the design and sales of domestic-performance FPGA chips and related IP, C-Mind Microelectronics has achieved mass production of its 28nm process FPGA chips, positioning it at the forefront of the domestic market. FPGA chips are extensively utilized across various sectors, including communication equipment, data centers, industrial control, artificial intelligence, military industry, and aerospace. Huamai Technology's investment is strategically aimed at exploring emerging fields such as 6G communication and artificial intelligence, seeking to create synergies with its existing business and uncover new avenues for profit growth. Nevertheless, it is important to note that C-Mind Microelectronics' new products are still in the research and development phase, characterized by high technical complexity. This presents risks of prolonged development cycles or results that may not meet expectations.