Kuncai Technology: Mr. Xie Chao resigned from the position of director of the company due to personal reasons.

Kun Cai Technology Announcement: Mr. Xie Chao, a member of the board of directors of the company, has applied to resign from the position of director of the fourth board of directors of the company due to personal reasons, and at the same time has resigned from the positions of member of the company's board strategic committee and member of the board's compensation and assessment committee. After Mr. Xie Chao resigns, he will no longer hold any position in the company, but will voluntarily continue to serve until the annual shareholders meeting in 2024. The board of directors of the company has nominated Mr. Xie Jin as a candidate for the director of the fourth board of directors of the company, and as a replacement for Mr. Xie Chao in the company's board strategic committee and board compensation and assessment committee. Mr. Xie Jin does not hold any shares of the company directly or indirectly, and his term will be from the date of approval by the shareholders' meeting until the completion of the fourth board of directors.