CHOHO: Plans to invest 5 million in the joint venture with Gongqingcheng Muhua, constituting a related party transaction

On August 11, 2025, CHOHO held a meeting to review and approve the investment proposal with related parties and professional institutions. The company plans to jointly increase capital and invest in Qiongqicheng Muhua, with all partners intending to contribute a total of 21.11 million yuan, and the company will contribute 5 million yuan from its own funds, accounting for 23.69%. Since the company's director and vice president, Mou Jiahai, is participating in the investment, this transaction constitutes a related party transaction. The transaction does not constitute a major asset reorganization and does not require approval from the shareholders' meeting or relevant departments. The purpose is to integrate resources and enhance competitiveness, with the funds being self-owned, having no significant impact on finances and operations. However, the investment carries risks such as business registration and returns not meeting expectations