1. Overview of Related Transactions
Huaying Technology Co., Ltd. (hereinafter referred to as "Huaying Technology" or "the Company") approved the proposal to apply for a short-term borrowing limit from its controlling shareholder, Fujian Electronic Information Group Co., Ltd. (hereinafter referred to as "Fujian Electronic Information Group"), at the 25th meeting of the 9th Board of Directors and the 2024 Annual General Meeting. The Company expects to apply for a short-term borrowing limit of no more than RM