Yapp Automotive Systems Co., Ltd: Intends to purchase approximately 54.50% stake in YingShuang Technology for about 578 million yuan.

Yappi Corporation Announcement: The company intends to use its own funds to purchase approximately 54.50% of the shares of Ying Shuang Technology held by Shanghai Feichi, Rongxiang Beiying, New Energy Investment, Guangdian Dianqi, Jiaxin Tiancheng, Yingxuan Partnership, and individuals Ling Shimao, Qu Jiaqi, Huo Haikuan, Song Wei, and Yang Weihua, with a total transaction consideration of approximately 578 million yuan. This transaction has been approved at the 22nd meeting of the Fifth Board of Directors of the company, and does not require approval by the shareholders' meeting. Ying Shuang Technology is a high-tech enterprise specializing in the research and development and production of rotary transformers and special motor products. This acquisition fits well with Yappi Corporation's business layout in the automotive key components field, and a significant synergistic effect will be formed through complementary advantages with Ying Shuang Technology.