Announcement on Changes in Shareholders and Equity Structure of Xuzhou Yingliang Intelligent Technology Co., LTD

Dear partners, customers and friends from all walks of life:

In response to the trend of digital industrial upgrading, to accelerate the integration of the company's strategic resources and further stimulate innovation momentum, Xuzhou Yingliang Intelligent Technology Co., LTD. (hereinafter referred to as "the Company") based on its long-term development goals, after careful resolution by the shareholders' meeting and completion of the industrial and commercial registration and filing in accordance with the law, is now officially announcing the optimization and adjustment of shareholders and equity structure. This adjustment marks a new stage of more professional and market-oriented development of the company's governance system. The following announcement is hereby made regarding the changes in shareholders and equity structure:

I. Optimization Background and Objectives

(1) Strategic synergy: Introduce strategic investors with industrial resources and technological advantages to enhance the synergy capabilities of the upstream and downstream of the industrial chain;

(2) Governance Upgrade: Optimize equity allocation, establish a more scientific decision-making mechanism, and enhance the enterprise's risk resistance capacity;

(3) Innovation-driven: Bind the core team through equity incentives and continuously increase investment in research and development and technology transformation.

Ii. Basic Information on Capital Reduction

(1) Reasons for capital reduction: To optimize the company's capital structure, enhance the operational efficiency of assets, and meet the demands of strategic transformation;

(2) Registered capital before capital reduction: RMB [70 million]

(3) Registered capital after capital reduction: RMB [46 million]

(4) Method of capital reduction: Each shareholder shall reduce their capital contribution in proportion to their shareholding.

Iii. Overview of the Changes

(1) Type of change: Adjustment of company shareholders and equity ratios

(2) Effective date: February 12, 2025

(3) Changes: ① The 80.43% equity held by the original shareholder [Chongqing Yingliang Park Operation and Management Co., LTD. (Unified Social Credit Code: 91500112MA7GCU3P5N)] is transferred to [Hu Qiufeng (ID Number: 340xxxxxxxxxxx 25)]; ② The shareholding ratios of other shareholders will be adjusted simultaneously.

Iv. Basis and Procedures for Change \ nThis change strictly adheres to the provisions of the Company Law and the company's articles of association, and follows the following legal procedures:

(1) The shareholders' meeting resolution passed the equity transfer and structural adjustment plan;

(2) Sign a legal and valid equity transfer agreement;

(3) Complete the industrial and commercial change registration procedures (registration authority: Suining County Government Services Management Office, Registration Number: [2025] No. 02120059).

V. Explanation of the Impact on Business Operations

(1) Corporate governance: After the change, the structure of the shareholders' meeting, the board of directors and the management team remains stable, and the company's strategic direction and business plan remain unchanged.

(2) Cooperative relationship: The rights and obligations under the original contract remain unaffected, and business cooperation proceeds normally.

(3) Customer Rights and Interests: Service quality, product standards and after-sales commitments are all strictly fulfilled.

Vi. Company Commitments

(1) Complete the change process in accordance with laws and regulations to ensure the transparency and openness of information;

(2) Continuously optimize the management system to safeguard the legitimate rights and interests of shareholders, customers and employees;

(3) Promote technological innovation and market service upgrading with more efficient governance capabilities.

This is to inform you!

Xuzhou Yingliang Intelligent Technology Co., LTD. March 13, 2025

Statement

The right to interpret this notice belongs to Xuzhou Yingliang Intelligent Technology Co., LTD.

2. If you have any questions, please contact the legal department: Tel: 0516-8033-0888 Email: http://xzylzn.com