Gelle: Plans to transfer equity of subsidiary to Gelle Technology.

Gelir Announcement: In order to meet the overall strategic layout and business development needs of the company and further expand the new power system business, the company plans to optimize the internal organizational structure. The company will transfer the 100% equity of its wholly-owned subsidiaries Jiangsu Gelir Optoelectronic Technology Co., Ltd., Shanghai Lai Fu Information Technology Co., Ltd., Lianyungang Gelir Optoelectronic Technology Co., Ltd., 70% equity of its holding subsidiary Xuzhou Zhigu Optical Frequency Industry Research Institute Co., Ltd., 65% equity of its holding subsidiary Xi'an Silk Road Optoelectronic Technology Co., Ltd., and the 55% equity of its wholly-owned subsidiary Suqian Gelir Smart Optoelectronic Technology Co., Ltd.'s holding subsidiary Nanjing Zhaotong Smart Technology Co., Ltd. to the company's wholly-owned subsidiary Xuzhou Gelir Technology Co., Ltd.