KING'S STONE (01943) announced that on May 16, 2026, its subsidiary Shenzhen Hengchengyu, as a limited partner, entered into a partnership agreement with Guangdong Xindong Energy (serving as the general partner and executing partner), Beijing Guojiao Yinghua (as a general partner), Beijing Zhaoxuan Electric Power (as a limited partner), and Beijing Guojiao Zhongxing (as a limited partner). The parties will jointly invest in the partnership enterprise, Guangzhou Xindong Changqing Investment Partnership (Limited Partnership), which has a term of ten years. Under this agreement, Shenzhen Hengchengyu, as a limited partner, has committed to a capital contribution of RMB 10 million. Following the capital increase, the total committed capital of the partnership enterprise is RMB 35.6 million, with Shenzhen Hengchengyu's share amounting to 28.09% of the total. The primary investment objective of the partnership enterprise is to invest in new energy projects endorsed by all partners, as well as other new energy businesses approved by all partners when the enterprise has surplus funds, aiming to achieve optimal economic benefits. The Group has been actively seeking promising investment opportunities to diversify its revenue streams and enhance shareholder value. The partnership enterprise focuses on investments related to the new energy sector. The Board believes that the new energy storage and new energy industries are strongly supported by national policies and possess broad market prospects and growth potential. By participating in the investment partnership, the Group can leverage the expertise and resources of the general partner and other partners in the relevant field, enabling it to enter the new energy industry with relatively lower risk, which aligns with the Group's long-term development strategy.