Suzhou Veichi Electric announced a joint investment with Shenzhen Kedali, Shanghai Mengli, and other partner companies to establish Shenzhen Weida Lichuangxin Technology Co., Ltd. Suzhou Veichi Electric invested 3 million yuan, holding 30% of the shares. Weida has a registered capital of 10 million yuan. In addition to Suzhou Veichi Electric, Shenzhen Kedali and Shanghai Mengli each invested 3 million yuan, holding 30% of the shares. Weili Growth and Keli Growth invested 0.6 million yuan and 400,000 yuan respectively, holding 6% and 4% of the shares. This transaction constitutes a related party transaction but does not constitute a major assets restructuring, hence it does not require shareholder approval at the general meeting.