Yingfang Micro: Disclosure of Response to Inquiry Letter Regarding Approval for Issuing Shares to Purchase Assets

Yingfangwei announced that the company intends to acquire 100% of Shanghai Xiaokeli Information Technology Co., Ltd. by issuing shares and paying cash, as well as raising matching funds. On July 14, the company received an inquiry letter from the Shenzhen Stock Exchange, and after verification with the intermediary institutions, has replied to the relevant questions. This transaction still requires approval from the Shenzhen Stock Exchange and the consent for registration from the China Securities Regulatory Commission, and there is uncertainty regarding whether it will be approved and the timing of such approval.