To Tech: Intends to issue shares and pay cash to acquire 99.8555% equity of Hengyang Data at a transaction price of 1.148 billion yuan.

Announcement from ZhiShang Technology: The company plans to purchase a total of 99.8555% equity of Hengyang Data held by its shareholders at a price of 1.148 billion yuan, corresponding to a valuation of 1.15 billion yuan for 100% equity. After the completion of this transaction, Hengyang Data will become a subsidiary of the company. The listed company will issue 18.6548 million shares and pay a cash consideration of 345 million yuan. The transaction party shall not transfer in any way during the 12-month lock-up period starting from the completion of the issuance.