Explanation from the Board of Directors Regarding the Absence of Non-Operational Fund Occupation by Related Parties in the Proposed Asset Purchase

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The board of Hangzhou Wanlong Optoelectronic Equipment Co., Ltd. plans to acquire 100% of Zhejiang Zhongkong Information Industry Co., Ltd. through a share issuance and cash payment. As of the date of this announcement, there are no non-operational fund occupations by shareholders or related parties of Zhongkong Information. Upon completion, Zhongkong Information will become a wholly-owned subsidiary, adhering to the company's policies to prevent fund occupation.

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