Rongbai Technology: Intends to adjust the equity structure of its South Korean subsidiary and exempt from commitments in the same industry competition.

Rong Technology announced that the tenth meeting of the third session of the Board of Directors approved multiple proposals. Firstly, it plans to adjust the equity structure of its wholly-owned subsidiary in South Korea, which is a related party transaction, aimed at optimizing assets, avoiding idle production capacity, and ensuring the company's participation in the North American market business. This proposal needs to be submitted to the shareholders' meeting for approval. Secondly, due to the adjustment of the above-mentioned equity structure, the actual controlling shareholder has applied for exemption from the commitment to avoid competition in the same industry. The Board of Directors believes that this action is in the interests of the company and shareholders and also needs to be reviewed by the shareholders' meeting. Thirdly, it was agreed to convene the first interim shareholders' meeting in 2026.