Kain technology: core technical personnel Wang Tao resigns

Cain Technology announced that Mr. Wang Tao, a core technical personnel of the company, will no longer hold any position in the company as his labor contract has expired and they have mutually agreed not to renew it. Mr. Wang Tao has been involved in the company's research and development guidance work during his tenure, and has now completed the handover of work. His departure will not have any adverse effects on the research and development progress of previous projects. The company stated that Mr. Wang Tao's departure will not have any adverse effects on the company's daily operations, technical research and development, and production management, and will not affect the company's ownership of core technology.