Parallel Technology: Shareholders Qingkong Yinxing and Yinxing Huqing plan to reduce their holdings by 1% respectively.

Parallel Technology Announcement: Shareholders Qingkong Yinxing Nantong Venture Capital Fund Partnership Enterprise and Yinxing Huqing Investment Fund Management Co., Ltd. plan to reduce their holdings by no more than 597,100 shares through centralized competitive bidding within 3 months after the disclosure date of this announcement, each accounting for 1% of the company's total share capital. The source of the planned reduction is from the company's public offering before listing on the North Stock Exchange, and will be used for the business management needs of the company.