Jack Sewing Machine subsidiary to acquire stake in private equity fund

Jack Sewing Machine Co., Ltd. announced today that its wholly-owned sub-subsidiary, Aitu (Zhejiang) Intelligent Sewing Technology Co., Ltd., will acquire a 4.63% limited partnership interest in Hangzhou Yuanqiao Zhibo Venture Capital Partnership (Limited Partnership), or Zhibo Fund. The acquisition involves the transfer of an unpaid capital contribution of 5 million yuan at zero cost from Hangzhou Yuanqiao Zhengming Private Equity Fund Management Co., Ltd.

Following the transaction, Aitu Intelligent will become a limited partner in Zhibo Fund and will fulfill its capital contribution obligation of 5 million yuan from its own funds. This investment is part of the company’s long-term development strategy to explore new industries and enhance investment returns through a professional investment management team.

The investment was approved by Jack Sewing Machine's board of directors and does not require shareholder approval. The Zhibo Fund focuses on equity investments in artificial intelligence industry chain-related software and hardware product and service companies. The company acknowledged that the fund carries inherent risks such as long investment cycles and lower liquidity, and will closely monitor its operations.