Announcement on the Company's Receipt of the "Decision on the Review of Stock Delisting"

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The company received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to an audit report that could not express an opinion on its 2021 financial statements. The company applied for a review of this decision, arguing that the audit conclusions were incorrect and that it had not met other delisting criteria. However, the review committee upheld the original decision, confirming the termination of the company's stock listing.

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Announcement on the Company's Receipt of the "Decision on the Review of Stock Delisting"

The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Shenzhen Guangyi Technology Co., Ltd. (hereinafter referred to as "Guangyi Technology" or "the Company") received the "Decision on the Termination of Stock Listing of Shenzhen Guangyi Technology Co., Ltd." (Shenzhen Stock Exchange [2023] No. 496) from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") on June 12, 2023, which decided to terminate the listing of the Company's stock. On June 14, 2023, the Company submitted a review application for the termination of listing to the SZSE. On June 20, 2023, the Company received the "Review Acceptance Notice" (No. 8 [2023]) from the SZSE. The SZSE held a review meeting of the Appeal Review Committee on June 30, 2023, to discuss the review application. On July 12, 2023, the Company received the "Decision on the Review of Stock Delisting" (No. 3 [2023]) from the SZSE, with the main content as follows:

The decision made by the SZSE to terminate the stock listing The SZSE's decision (Shenzhen Stock Exchange [2023] No. 496) determined that due to the audit report for the Company's 2021 financial statements being unable to express an opinion, the Company's stock trading was subject to delisting risk warning starting from April 29, 2022. On April 27, 2023, the Company disclosed its first annual report after the delisting risk warning, which also received an audit report that could not express an opinion for the 2022 financial statements. The Company triggered the delisting conditions as specified in Article 10.3.10, Paragraph 1, Item 3 of the "Rules for the Listing of Stocks on the Growth Enterprise Market (Revised in 2023)." Based on Article 10.3.13 of the same rules and the opinions of the Listing Review Committee, the SZSE decided to terminate the Company's stock listing.

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