The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of Capital Reduction
To standardize subsidiary governance, strengthen operational risk prevention, and improve operational efficiency, Yuanguang Software Co., Ltd. (hereinafter referred to as "the Company") announces that its wholly-owned subsidiary, Jiruis Detection Technology Service (Zhuhai) Co., Ltd. (hereinafter referred to as "Jiruis Detection"), will reduce the registered capital of its controlling subsidiary, Changsha Yuanguang Ruixiang Technology Co., Ltd. (hereinafter referred to as "Yuanguang Ruixiang"), from 30.08 million RMB to 10.08 million RMB. All shareholders will proportionally reduce their subscribed capital contributions by 20 million RMB, with Jiruis Detection reducing by 14 million RMB and Changsha Yuxiang Intelligent Technology Partnership (Limited Partnership) (hereinafter referred to as "Changsha Yuxiang") reducing by 6 million RMB. After the capital reduction, the shareholding ratios of Jiruis Detection and Changsha Yuxiang remain unchanged, with Jiruis Detection still holding 70% of Yuanguang Ruixiang's equity. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules" and the Company's Articles of Association, the capital reduction of Yuanguang Ruixiang has been decided by the shareholders of Jiruis Detection and approved by a special meeting of the Company's chairman, without the need for submission to the Company's board of directors or shareholders' meeting for deliberation. This capital reduction does not constitute a related party transaction and does not constitute a significant asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."