On September 2, Xingrui Technology made an announcement regarding the signing of a strategic cooperation framework agreement with DriveSmart Technology. The two entities are set to embark on a comprehensive collaborative journey, focusing on the domains of electric control systems for new energy vehicles, robotics, and solid-state transformers. Their cooperation will specifically encompass equity partnerships, bolstering the core electric drive business, collaborative efforts in robot joint module development, cooperation on solid-state transformers, and joint ventures in overseas markets. It's important to note that this agreement serves as a foundational framework and does not qualify as a related-party transaction or a significant asset restructuring. Furthermore, it is not anticipated to exert a substantial influence on the company's operational performance within the current fiscal year.
