Yunda Group intends to conduct a strategic restructuring with the controlling shareholder of Guorui Technology.

Yunda Co., Ltd.: On June 5th, the company received a notice from the controlling shareholder Zhejiang Province Machinery and Electronics Group Co., Ltd., informing that, in accordance with the requirements of Zhejiang Provincial State-owned Assets Supervision and Administration Commission, it has decided to implement a strategic reorganization between Machinery and Electronics Group and Zhejiang Province Second Light Industry Group Co., Ltd. This matter does not involve any major asset restructuring of the company. After the completion of this strategic reorganization by the controlling shareholder, there will be no change in the actual controller of the company, which will still be Zhejiang Provincial State-owned Assets Supervision and Administration Commission.