Tongye Technology: The controlling shareholder intends to transfer 10.0000% of the company's shares.

Tongye Technology announced that the company's controlling shareholder Xie Wei, actual controller Xu Jianying, and their concerted action person Tianjin Yingweida intend to transfer their holdings of the company's shares through agreement transfer. Xie Wei intends to transfer 6.5238 million shares, accounting for 4.5165% of the total share capital of the company. Xu Jianying intends to transfer 4.0832 million shares, accounting for 2.8268% of the total share capital of the company. Tianjin Yingweida intends to transfer 3.8375 million shares, accounting for 2.6567% of the total share capital of the company. Mr. Huang Qiang intends to acquire 7.222 million shares, accounting for 5.0000% of the total share capital of the company, and Siling Enterprise Management intends to acquire 7.222 million shares, accounting for 5.0000% of the total share capital of the company. This equity change will not result in a change in the company's controlling shareholder or actual controller, and will not result in a change in the company's control.