Shenyang Machine Tool announced that the company plans to absorb and merge its wholly-owned subsidiary, Youzhuangbei, in order to optimize production and manufacturing resources and business layout, and reduce management costs. After the absorption and merger is completed, Youzhuangbei will be deregistered, and the company will establish a division to take over its assets, liabilities, personnel, and business. This matter does not involve changes in registered capital, does not constitute related party transactions or major asset restructuring, and will not have a substantial impact on the company's financial condition and operating results.