Xingchen Technology: Planning to plan overseas issuance of shares and list on the Hong Kong Stock Exchange.

StarTech Technology Announcement: The company plans to plan an overseas issuance of shares and list on the Hong Kong Stock Exchange to deepen its global strategic layout, utilize the advantages of the international capital market, create a diversified capital operation platform, further enhance the company's capital strength and overall competitiveness, accelerate overseas business development, improve the domestic and international dual circulation pattern, and consolidate its industry position. Currently, the company is discussing with relevant intermediaries on the specific progress of this issuance of H shares and listing. The details of this issuance of H shares and listing have not been confirmed. After the specific plan is determined, this issuance of H shares and listing will still need to be submitted to the company's board of directors and shareholders' meeting for deliberation, as well as obtain approvals or permits from relevant government and regulatory agencies such as the China Securities Regulatory Commission and the Hong Kong Stock Exchange.