Design Institute: Wholly-owned subsidiary intends to liquidate and dissolve its stake in the microloan company.

The headquarters of the design institute announced that the microfinance company in which its wholly-owned subsidiary, High-Speed Testing, holds a stake, has been operating poorly. Starting from July 1, 2025, the company will stop accepting new business and the shareholders are discussing plans to cancel and liquidate it. High-Speed Testing holds a 10% stake in the microfinance company. As some shareholders of the microfinance company and the controlling shareholder of the design institute are both Anhui Communications Holdings, this transaction constitutes a related party transaction, but does not constitute a major asset restructuring, nor does it meet the standard for a shareholder meeting review. In the past 12 months, the company and Anhui Communications Holdings and its subsidiaries have had related party transactions totaling 69 million yuan, excluding daily related party transactions. The cancellation of the microfinance company will not have a negative impact on the company's operations and financial condition.