Guao Technology: New major lawsuit, involving an amount of 279 million yuan.

Guao Technology announced that the company has received a legal document from the Guangzhou Intermediate People's Court, which was filed by Dongfang Gaosheng Technology Co., Ltd. and Shanghai Muyu Enterprise Management Center. The lawsuit is related to a dispute over equity transfer, involving an amount of 279 million yuan and litigation costs. The plaintiffs requested the nullification of the "Equity Transfer Agreement", demanded the company to return 49% equity to Dong Gaosheng Technology Development Co., Ltd., and compensate for economic losses. The case has been accepted but not yet scheduled for trial, and there is uncertainty regarding the impact on the company's profits and losses. The company will uphold its legal rights and disclose progress in a timely manner.