On the morning of August 26, 2019, Xin Song Robot Investment Co., Ltd. and its industrial finance team held a signing ceremony at the Beijing headquarters. Xin Song Robot Investment Co., Ltd. President Hao Zhangang, Chief Talent Officer Liu Xinjian, Chief Investment Officer Ren Shunying, and core team members attended the ceremony.

This signing ceremony represents a bold innovation in Xin Song Robot Investment Co., Ltd.'s internal management and incentive allocation. By providing equity incentives to the core team and adopting a self-financing management model, it aims to fully mobilize team enthusiasm and enhance team stability. Building on the company's core investment business, this strengthens management focus and incentive guidance for the core business, striving to expand and strengthen the industrial finance sector, achieving a win-win situation for the company and the business team.

At the signing ceremony, President Hao Zhangang stated: This signing ceremony reflects Xin Song Investment Company's management decisions and business arrangements as a robotics industry investment platform, prioritizing investment as the company's core business and guiding actions towards achieving investment goals. As a robotics industry investment platform, Xin Song Investment focuses more on the number of companies invested in rather than the number of companies controlled, and prioritizes successful investments over the profit return from invested companies. In the current global landscape and the new normal in China, the fund business is the best vehicle for the company to fulfill its investment function and represents the future trend and direction of the financial industry. The company, adhering to the principle of mutual benefit, is willing to grow and develop together with the industrial finance team to achieve the goal of expanding and strengthening Xin Song Investment's fund business.

Chief Investment Officer Ren Shunying, representing the industrial finance team, stated: We will not let down the company's trust and entrustment, and we will strive to achieve the planned targets set for the team and the company. Furthermore, we will expand and strengthen the fund business. Ms. Ren also required that, from the signing of the equity transfer agreement, the industrial finance team must transition from employees to partners in mindset and positioning, holding themselves to higher work standards and stricter professional ethics, strengthening cost control, and improving job skills in fundraising, investment, and post-investment management to solve problems, complete tasks, achieve goals, and continuously create value for the company and shareholders.

To date, the industrial finance team has completed investments in four projects: Chengdu Ebei Ji, Beijing Curve Intelligence, Beijing Minyue Technology, and Xi'an Zhiwei Sensing, covering areas such as high-precision photoelectric encoders, intelligent spraying, laser vision welding, and MEMS micro-mirrors. They have also successfully established industrial guidance funds in Fuyang, Anhui and Mianyang, Sichuan. Following this equity transfer signing ceremony, it is believed that the industrial finance team will continue to contribute to the company's business through fund investment and capital-based investment promotion.