Kailong Technology: Progress in issuing shares to purchase assets, will undergo additional auditing and supplementary due diligence.

Kailong Gaoke Announcement: The company plans to purchase 70% equity of Shenzhen Jinwangda Mechanical and Electrical Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. As of the date of this announcement, all aspects of this transaction are progressing in an orderly manner. Due to the fact that the financial data of the target company has exceeded the validity period of 6 months since the previous date, all parties involved in the transaction have agreed to coordinate with intermediary agencies to conduct additional audits and supplementary due diligence on the target company as soon as possible. Subsequently, a Board of Directors meeting will be convened to review the relevant matters again.