Liren Technology: Waives Preemptive Right to Subscribe to Capital Increase of Associate Company

Liren Technology announced that the company holds an 11.25% equity interest in Shanghai Chaoqian Xinchuan Optoelectronic Technology Group Co., Ltd. Shanghai Chaoqian plans to increase its capital and expand its shareholding. The related party Zibo Furixiang New Energy Co., Ltd. plans to subscribe to its newly added registered capital of RMB 11.7647 million with RMB 200 million, accounting for 20% of the registered capital after the capital increase. The company waives its preferential right to subscribe to the capital increase, and its shareholding ratio will decrease from 11.25% to 9.00%. Shanghai Chaoqian will remain an associate company of the company, and this will not result in a change in the scope of consolidated financial statements. It is expected that this will not have a material impact on the company's production and operations or financial condition. This transaction constitutes a related-party transaction and does not constitute a major asset restructuring. There is a risk that the capital increase plan may not be implemented.