China National Petroleum Corporation Kunlun Manufacturing Co., Ltd.

China National Petroleum Corporation Kunlun Manufacturing Co., Ltd. and its concerted action party Kunlun Capital plan to establish a joint venture with Yushu Technology and Beijing Panjie Intelligent Technology Co., Ltd. to focus on industrial embodied intelligent robot solutions. Kunlun Manufacturing and its concerted action parties will hold 60% of the shares, while Yushu Technology and Panjie Intelligent will each hold 20%.