According to CoinMeta, Huali Group announced that its board of directors has approved a foreign investment proposal. The company or its wholly-owned subsidiary plans to invest no more than $500 million in O-Net Technologies Group Limited to acquire no more than 25% of its equity. This transaction is still in the preliminary and planning stage, and no investment agreement has been formally signed yet. The final transaction amount, shareholding percentage, transaction method, and other details are not yet determined. Additionally, it may be necessary to comply with domestic and international approval and filing procedures, which carries the risk of delays or termination. After the transaction is completed, the company will hold a minority stake in the target company, which will not be included in the consolidated financial statements. It is not expected to have a significant impact on the company's current or future operating performance.