Time and Space Technology: Stock price has deviated by over 20% for two consecutive days, major restructuring brings uncertainty.

Time and Space Technology Announcement: The company's stock has experienced abnormal fluctuations, with a cumulative drop exceeding 20% on July 20th and July 21st, 2026. Upon self-inspection, the company's production and operations are normal, with no undisclosed major issues other than the previously disclosed issuance of shares and cash purchase of 99.88% equity of Shenzhen Jiahe Jinwei Electronic Technology Co., Ltd. and the fundraising matters. This restructuring is still subject to review by the Stock Exchange and approval by the China Securities Regulatory Commission, which brings uncertainty. Investors are reminded to be cautious of risks.