Xiaocheng Technology: The company has been paying attention to the new regulations related to the localization of mining in Ghana. At present, it has no significant adverse effects on production and operation.

On May 8th, Xiaocheng Technology held a performance briefing, during which an investor asked: "What impact does the Ghana government's policy of requiring Ghanaian local holding companies to mine in open-pit mines have on the company?" Xiaocheng Technology responded that the company is paying attention to the new regulations in Ghana regarding the localization of mining. Currently, they are evaluating the policy impact and compliance based on the actual situation of overseas projects, and at this stage, there will be no major adverse effects on the company's production and operation. The company will strictly comply with regulatory requirements and will fulfill its disclosure obligations in a timely manner in case of any significant changes.