According to the guidelines from the China Securities Regulatory Commission on establishing an independent director system, the Corporate Governance Code, and the company's Articles of Association, we, as independent directors of Sichuan Top Software Investment Co., Ltd., present the following independent opinions regarding relevant matters:
- During the reporting period, Chengdu Top Education's acquisition of a 30.476% stake in Sichuan Top Education was affected by litigation involving the original shareholder, Sichuan Top Technology Development Company's union committee. The Zhejiang Jinhua Intermediate Court ruled that the stake should be compensated to its creditors, leading to a reduction in long-term investments by Chengdu Top Education and resulting in an additional related party fund occupation of 29.7141 million yuan. As of the end of this reporting period, the balance of funds occupied by related parties was 740.70 million yuan.