To Shang Technology: Intends to purchase 99.8583% equity of Hengyang Data.

Announcement to ZhiShang Technology: The company plans to acquire a total of 99.8583% equity of Hengyang Data held by 51 shareholders of Shenzhen Hengyang Data Co., Ltd. through issuing shares and paying cash as consideration. As of the disclosure date of this announcement, the audit, assessment, legal due diligence, and other work related to this transaction are being carried out according to the plan. After the completion of the relevant work, the company will convene another board meeting to review the related matters of this transaction.