Further advance in technology: Terminate cash acquisition of 49% equity stake in Micron

In a recent announcement, Zai Sheng Technology Co., Ltd. has decided to terminate the acquisition of 49% equity of Sichuan Maikelon Vacuum New Materials Co., Ltd., owned by Yang Xingzhi, with its own funds of 231 million yuan. Due to objective factors, the equity transfer has not made substantial progress, and the "equity purchase agreement" has not yet taken effect. In order to effectively safeguard the interests of the company and all shareholders, after a careful assessment by the company and friendly negotiations with the parties involved, it has been decided to terminate this acquisition.