On 21 December 2023 (after trading hours), the parties, namely the Hisense Home Appliances Group Co., Ltd. (Company) and Hisense Visual Technology Co., Ltd. (Hisense Visual) entered into the Joint Venture Agreement, pursuant to which the Parties agreed to establish the JV Company in Qingdao City of the PRC. The registered capital of the JV Company will be RMB 318,300,000, of which the company has agreed to contribute RMB 159,150,000, being 50% of the registered capital of the JV Company, and Hisense Visual has agreed to contribute the remaining RMB 159,150,000. The scope of business of the JV Company will include: corporate headquarters management; import and export agency; the import and export of goods; import and export of technology; marketing planning; sale of Class II medical devices; sale of intelligent home consumption equipment, sale of optical communication equipment, information system integration services, sale of information security equipment, sale of network equipment, development of rail transportation operation and management system, sale of rail transportation specialized equipment, key systems and components; and investment activities with its own funds (subject to the scope of business approved by the relevant authority in the PRC and shown in the business license of the JV Company).