In the wave of industrial intelligent transformation, V&T (stock code: 300484) has always been exploring technology integration and industrial upgrading with steady steps. Recently, the company announced that it, together with its related party Mr. Jiang Zhongwen and two other unrelated parties, would jointly increase the capital of Wanren Wisdom Intelligent Technology (Beijing) Co., Ltd. (hereinafter referred to as "wanrenai") by 24 million yuan, of which V&T contributed 8 million yuan, holding 1.60002% of the shares. This investment aims to inject more efficient intelligent solutions into the field of industrial automation through resource integration and technological innovation.

As a "National High-tech Enterprise" and a "Little Giant Enterprise", V&T has been deeply engaged in the fields of new energy and industrial automation for 20 years. Relying on profound technical accumulation and continuous innovation capabilities, the company has built a rich and diverse product matrix, covering frequency converters, servo drives, electric vehicle motor controllers, DC/DC, elevator drive control systems, industrial control system solutions, and many other fields, which are widely used in numerous industries around the world. In 2025, the company's net profit is expected to grow by 69.85%-98.76% year-on-year (2025 annual performance forecast), maintaining steady growth. This investment in wanrenai is an important step for V&T to extend from its existing business to the "intelligent hardware + AI service" model.

As an emerging force in the field of intelligent technology, wanrenai is a high-tech enterprise focusing on the research and development and commercial landing of embodied artificial intelligence technology. Its business scope covers normal development construction and market expansion, AI project development and operation, as well as the research and development of hardware, software, and algorithms related to embodied intelligence and other frontier fields. At present, wanrenai has successfully launched its first humanoid robot product "Xiaoqian" and the "Dongfeng AI Large Model", achieving commercial landing in application scenarios such as medical care, energy saving, agriculture, and stores, serving multiple customers.

Against this background, V&T's capital increase in wanrenai is based on the company's overall strategic development and future operational development needs, aiming to deeply strengthen the synergistic effect of the industrial chain and realize the effective integration of advantageous resources through resource integration and complementary advantages. This move will not only help wanrenai achieve faster and better development in the field of intelligent technology, but also deepen V&T's strategic layout in the field of robotics, laying a solid foundation for the company's own technical accumulation and market layout in related fields, which will have a positive and far-reaching impact on the company's future operational development.

The increased capital will be specially used for the daily operation and development of wanrenai, ensuring that every penny invested can accurately meet the company's needs and promote substantial progress in AI technology research and development, embodied intelligence applications, etc. We believe that through the joint efforts of both parties, wanrenai is expected to stand out in the field of intelligent technology and contribute to industry progress.

V&T has always adhered to the concept of steady operation. While maintaining the stable development of its main business, it actively explores emerging fields and seeks new growth points. This capital increase in wanrenai is an important step in our layout in the field of intelligent technology and a concrete manifestation of the company's continuous innovation and business boundary expansion.