Yonghe Intelligent Control: Termination of Agreement Transfer and Termination of Change in Control Rights

Yonghe Intelligent Control Announcement: Due to Hangzhou Runfeng Intelligent Equipment Co., Ltd. failing to pay the first installment of the share transfer payment within the agreed deadline, the "Share Transfer Agreement" signed between the company's controlling shareholder and actual controller Cao Deli and Hangzhou Runfeng has become invalid and automatically terminated. This termination will not lead to a change in the company's controlling rights, and Cao Deli remains the company's controlling shareholder and actual controller.