Canaan Technology: Application for listing of holding subisidiary accepted

Canaan Technology announced that its holding subsidiary, Shanghai Kaixian Technology Co., Ltd., has applied for listing on the National Equities Exchange and Quotations system for small and medium-sized enterprises, and the application has been accepted. Shanghai Kaixian recently received a "Notice of Acceptance" from the National Equities Exchange and Quotations system. The listing application is still subject to further review, and there is uncertainty regarding the results and review time.