Shengyang Technology: Subsidiary FTA has recently made arrangements for overseas satellite internet terminal business based on DVB-NIP technology, but this business is still in its early stages of commercialization.

Shengyang Technology issued an abnormal announcement, the company's stock has deviated by 20% in terms of cumulative increase in closing price for three consecutive trading days, which is considered as abnormal stock trading volatility. The company recently responded to the business situation of its subsidiary FTA, and after verification, the explanation is as follows: the company's main business sectors currently include high-speed automotive cables, data cables, satellite communication terminals, and display devices. The subsidiary FTA has recently been laying out foreign satellite internet terminal business based on DVB-NIP technology, but this business is still in the early stages of commercialization, with a small proportion of revenue compared to the company's main business income. The impact on the company's short-term performance is limited, and for updates on related business developments, please refer to the announcements released by the company on designated disclosure media.