Shanzi High-Tech: There is no equity control relationship between the company and Taiyi Shenglian.

Shanzi High-Tech clarification announcement: The Company has recently noted relevant media reports such as "Taiyi Shenglian intends to invest RMB 3 billion to take control of Neta Auto" and other matters. There is no equity control relationship between the Company and Zhejiang Taiyi Shenglian Enterprise Management Partnership (Limited Partnership), and the Company has not directly or indirectly participated, through controlling entities, in the bankruptcy reorganization investment in Neta Auto. The Company's controlling shareholder's intention to participate in the bankruptcy reorganization investment in Neta Auto through its controlled entities remains at the intent stage, and there is significant uncertainty as to whether the relevant procedures can be completed and approvals can be obtained.