Core Technology: Issuance of convertible bonds and cash acquisition of assets approved by Shanghai Stock Exchange.

XinDao Technology announced that the company plans to issue convertible corporate bonds and pay cash to acquire 100% equity of Shanghai Jishun Technology and 17.15% equity of Shanghai Shunlei Technology in order to achieve 100% control of Shunlei Technology. The results of the review meeting of the Shanghai Stock Exchange's restructuring committee on July 16th showed that this transaction meets the conditions for restructuring and information disclosure requirements. This transaction still needs to be approved by the China Securities Regulatory Commission before it can be implemented, and there is uncertainty.