Southern Network Technology: Shareholders plan to transfer 11.294 million shares at a negotiated price.

Nanwang Technology announced that its shareholder Nanwang Nengchuang Equity Investment Fund plans to transfer 11.294 million shares, accounting for 2% of the total share capital, through inquiry transfer. The reason for the transfer is for its own funding needs. This inquiry transfer will not be conducted through centralized bidding or block trading, and the transferee is not allowed to transfer the shares within 6 months of the transfer.