Hua Yi Technology's core technical personnel have retired, claiming that it has no substantial impact on the company.

Announcement from Shanghai Huayi Technology Group Co., Ltd.: Core technical staff member Zhang Jieping has officially retired due to reaching the statutory retirement age recently. The company no longer recognizes her as a core technical staff member, and she no longer holds any position in the company. During her tenure, Zhang Jieping was responsible for some research and development projects. The work has been successfully handed over, and the related intellectual property rights belong to the company. As of the end of June 2022-2025, the company has 89, 101, 127, and 111 research and development staff members respectively, and the team structure is stable. The company stated that Zhang Jieping's departure will not have a substantial impact on production, operation, and technical research and development. The sponsoring broker, CITIC Securities, also agrees with this view, and all research and development projects are currently progressing as usual.