Golden Abundance Technology: Plans to subscribe for 100 million yuan of shares of the Hengbang Shouzheng Chuqi Private Equity Fund.

Golden Surplus Technology announced that in order to improve the efficiency of idle own funds, the company plans to invest 100 million yuan to subscribe for shares of Hengbang Shouzheng Chuqi private equity securities investment fund, and has signed relevant contracts with Hengbang Zhaofeng and Industrial Securities. The fund completed its record on March 9, 2021, with a risk level of R4 and an expected duration of 10 years from its establishment. This investment does not require approval from the board of directors or shareholders' meeting, does not constitute related party transactions or major asset reorganization. There are various risks such as capital loss and market risks in the investment, and the company will strengthen risk control.