According to CoinMeta, Annorich announced that the company plans to establish a wholly-owned subsidiary, Yantai Annorich Intelligent Computing Technology Co., Ltd. This subsidiary will be the main entity for investing 580 million yuan in the construction of an intelligent computing center project. The funds required for the project will be invested by the company in installments, using either its own funds or funds raised through other means, based on the progress of the project construction. This investment does not constitute a related-party transaction, nor does it represent a major asset reorganization.