Joint Progress Stock Co., Ltd.: The second stock transfer has been completed and Tangshan Gongkong now holds 18.81% of the shares.

Announcement on joint stock transfer: the company previously disclosed that major shareholders Tang Fonan and Wang Dawei signed the second shareholder transfer agreement with Tangshan Industrial Control, intending to transfer a total of 60.0684 million shares. Recently, the company received a "Confirmation of Securities Transfer Registration" issued by China Securities Depository and Clearing Corporation Limited, and the registration procedures for the second share transfer have been completed. After this share transfer, Tangshan Industrial Control directly holds 148 million shares of the company, and exercises the corresponding voting rights for 88.0584 million shares on behalf, totaling 236 million shares of voting rights.