Today, our company formally reached a strategic cooperation with Shenzhen Shi Chuangyi Electronics Co., Ltd. (abbreviated as "Shi Chuangyi"), a leading enterprise in the domestic storage chip field. As a national-level specialized, refined, characteristic and innovative key "Little Giant" enterprise, Shi Chuangyi integrates chip design, software and firmware R&D, packaging and testing, and module manufacturing, and has successfully passed strict audits by Midea and multiple other leading customers in the industry, demonstrating outstanding product reliability and supply chain strength.

Shi Chuangyi's annual sales exceed 10 billion yuan, and it has officially launched A-share IPO counseling, entering a rapid development stage of "10 billion revenue and 100 billion market capitalization". Its leading SDBG stealth dicing process, C-Molding ultra-thin packaging technology, and high-performance LPDDR5X and UFS 3.1 products will further consolidate our company's supply foundation in memory devices.

This cooperation is an important milestone in our company's supply chain development. With strong support from management and efficient coordination among departments, we have successfully introduced this heavyweight upstream resource, greatly enriching supply backup capacity and improving the risk resistance and delivery flexibility of key materials.

Looking ahead, our company will work closely with Shi Chuangyi, relying on both parties' technology and capacity advantages, to provide customers with higher-quality and more stable storage solutions, and jointly support the high-quality development of the domestic storage industry chain.