ZMD plans to jointly invest with related parties to establish Chengdu Zhiwei Xintu Technology Co., Ltd

ZMD (688636.SH) announced that based on strategic planning and business development needs, in order to explore new fields and new products, the company intends to jointly invest RMB 10 million with Jiang Hu, Long Bo, Geng Jian, Li Wei, and an employee stock ownership platform (not yet officially established) to set up a holding subsidiary Chengdu Zhiwei Xintu Technology Co., Ltd. (tentative name, subject to final registration by the market supervision and administration department). Among them, the company plans to contribute RMB 5.1 million in self-owned funds, accounting for 51% of the registered capital of the target company; Jiang Hu plans to contribute RMB 1.764 million in self-owned funds, accounting for 17.64% of the registered capital of the target company; Long Bo plans to contribute RMB 1.176 million in self-owned funds, accounting for 11.76% of the registered capital of the target company; Geng Jian plans to contribute RMB 588,000 in self-owned funds, accounting for 5.88% of the registered capital of the target company; Li Wei plans to contribute RMB 392,000 in self-owned funds, accounting for 3.92% of the registered capital of the target company; the employee stock ownership platform (not yet officially established) plans to contribute RMB 980,000 in self-owned funds, accounting for 9.8% of the registered capital of the target company.

By establishing a holding subsidiary, the company aims to build a specialized innovation business platform, fully mobilizing the core team's enthusiasm, so that the company can quickly enter emerging tracks such as smart vision, embodied intelligence, and satellite applications, cultivate new growth points in new fields, and enhance the company's long-term competitiveness. At the same time, the employee stock ownership platform (not yet officially established) is specifically set up to incentivize the management team and core employees, without involving specific business operations. Implementing equity incentives at the holding subsidiary level is beneficial for attracting outstanding technical talents, improving the enthusiasm and creativity of the management team and core employees, and achieving a coordinated and unified development of personal growth for the management team and core employees with the company's development goals. The participation of the company's co-chairman and general manager in this investment demonstrates the company's positive attitude towards encouraging innovation, confidence in the development of new fields, and support for future business, while forming a mechanism for sharing risks and benefits, ensuring that the management team is deeply bound to the company's innovative business, and promoting the rapid and healthy development of new products and new fields