Yingfang Micro: Planning Major Asset Restructuring, Stock Continues to be Suspended

Ying Fang Micro announces that the company is planning to acquire the controlling rights of Shanghai Xoocle Information Technology Co., Ltd., FIRST TECHNOLOGY CHINA LIMITED, and Shi Qing Intelligent Technology Co., Ltd. through a combination of issuing shares and/or paying cash, and at the same time raising matching funds. As of the date of this announcement, the company, together with relevant parties, is actively promoting the related work of this transaction, negotiating the transaction plan and preparing the transaction proposal. Due to the uncertainties related to this transaction, in order to safeguard the interests of investors and avoid abnormal fluctuations in the company's stock price, the company's stock will continue to be suspended in accordance with relevant regulations of the Shenzhen Stock Exchange.