Observing Technology: planning to issue shares to purchase assets and raise funds, and the stock will continue to be suspended.

Announcement from Guanxiang Technology: Due to the company's plans to issue shares to purchase assets and raise matching funds, the stock will be suspended from trading starting from the morning of December 22, 2025. The expected duration of the suspension will not exceed 10 trading days. As of the date of this announcement, the company and relevant parties are actively advancing various aspects of the transaction, and are currently negotiating, discussing, and confirming the transaction plan. The company's stock will remain suspended.