Dragon Source Technology: Establishment of Dragon Source Technology South Africa Branch

Dragon Source Technology Announcement: The company held its tenth meeting of the sixth board of directors on June 4, 2025, and approved the proposal to establish Dragon Source Technology's South African subsidiary. The company has agreed to establish Dragon Source Technology's South African subsidiary and has approved management to handle specific matters. The initial operating capital is $100,000, with the registered location being Pretoria, South Africa. The business scope includes engineering contracting, local procurement, technical services, cross-border trade, and market development. The establishment of the South African subsidiary aims to enhance the competitiveness of overseas projects, expand business in the South African market, accelerate the international development process, and improve overall competitiveness. The establishment of the subsidiary does not constitute a related party transaction nor a major asset restructuring.