XHW subsidiary changes partners and core terms of the fund investment agreement

Recently, XHW announced the progress of its wholly-owned subsidiary's participation in the fund. XHW Venture Capital Co., Ltd. previously invested 15 million yuan to establish the XHW Shengshi Qingneng Equity Investment Fund Partnership with multiple parties. During the filing with the Asset Management Association of China, it was required to amend the terms, with the original general partner Shengshi Capital withdrawing and its 1 million yuan share being transferred to Changfeng Huixin and Wu Bo. The parties re-signed the partnership agreement on September 11, with the paid-in capital remaining unchanged at 35.01 million yuan and fully raised. Some core terms of the partnership agreement were changed, such as adjustments to the distribution involving Shengshi Capital in the profit distribution order. This change has no significant impact on the company's finances and operations, but there is uncertainty regarding the subsequent filing of the fund, and investment returns may not meet expectations. As of now, the total investment amount in cooperation with private equity funds has reached 53.32 million yuan