Nord Holding: Sells 70% equity of Jiangsu Lianxin for 70 million yuan.

Nord Group Announcement: The company plans to sell 70% equity of its wholly-owned subsidiary, Jiangsu Lianxin Electronic Industry Co., Ltd., to Jiangsu Jidao New Material Technology Co., Ltd. The transaction price is 70 million yuan. It is estimated that the profit generated from this transaction will account for more than 10% of the absolute value of the company's audited net profit for the most recent accounting year. This transaction is not considered a related party transaction and does not constitute a major asset restructuring. After the completion of the transaction, Jiangsu Lianxin will no longer be included in the company's consolidated financial statements.