Guanxiang Technology: Intends to acquire 100% of the shares of Jinzhou Liaojing Electronic Technology Co., Ltd.

On March 4th, Guanxiang Technology announced that the closing price of the stock has deviated by more than 30% for three consecutive trading days. According to the relevant regulations of the Shenzhen Stock Exchange Trading Rules, this is considered abnormal stock trading volatility. The company plans to purchase 100.00% of the shares of Jinzhou Liaojing Electronic Technology Co., Ltd. from Jiangsu Zhou and other trading parties through issuing shares and paying cash, and to issue shares to raise matching funds from no more than 35 specific investors in accordance with the regulations of the China Securities Regulatory Commission. As of the date of this announcement, the audit, evaluation, and other related work of this transaction has not been completed, and the company is actively progressing with relevant parties to push forward the related work of this transaction.