Observant Technology: The issuance of shares to purchase 100% of Jinzhou Liaojing's shares is still in progress.

Guansiang Technology announced that the company plans to acquire 100% of the shares of Jinzhou Liaojing Electronics Technology Co., Ltd. from Su Zhou and others through issuing shares and paying cash, and to raise supporting funds. The transaction is expected to constitute a major asset restructuring and related party transaction, but not a restructuring for listing. The company's stock will be suspended from trading on December 22, 2025, and will resume trading on January 7, 2026. As of the disclosure date of the announcement, auditing, evaluation, and other work have not been completed, and the specific plan is still under discussion and verification. The transaction still requires approval from the company's board of directors, shareholders' meeting, and regulatory authorities, and there is uncertainty.