Pinchuang Holdings (08066.HK) issued an announcement. On April 17, 2024, the investor Beijing Desheng Wanli Shi Printing Technology Co., Ltd. (that is, an indirect wholly-owned subsidiary of the company) signed a capital injection agreement with the target company. The investor conditionally agreed to subscribe for the target company's registered capital at a subscription price of RMB 3.6 million. After completion, investors, former shareholder A Puyue, and original shareholder B Guo Rongxiang will respectively hold 20%, 56% and 24% of the target company's expanded registered capital. Therefore, the target company should be recorded as an associated company of the company, and the target company's financial performance will not be incorporated into the group's comprehensive financial statements.