Shunhao shares: The company currently only serves as an investor in Orbit Chen Guang, and existing businesses have not had a synergistic effect with Orbit Chen Guang's business.

Announcement from Shunhao Corporation: The company is currently only a shareholder in Beijing Orbital Chenlight Technology Co., Ltd. and there is no synergistic effect between its current business and that of Orbital Chenlight. The company's main business is not expected to change significantly in the near future. The business of Orbital Chenlight is subject to factors such as macroeconomic conditions, industry policies, and market environment changes, as well as risks of long industrialization and commercialization cycles and lower-than-expected performance. The "Tianshu Tiansuan" business of Orbital Chenlight may only have clear commercial value in the next 5 years, while the "Dishu Tiansuan" business of space data centers may gradually gain a competitive advantage against ground data centers in the next 5-10 years, during which time the company may face pressure from competitors in the industry. Space data centers face obstacles such as strong radiation, difficult orbit maintenance, debris hazards, and regulatory issues related to data governance and space traffic, among others, which could result in delayed commercialization progress and lower-than-expected benefits.