ST Kao: Wholly-owned subsidiary Suzhou Shunjing plans to purchase assets from Yiboda, with a contract amount of 3.8 million yuan.

announcement from Kao Corporation, its wholly-owned subsidiary Suzhou Shunjing Integrated Circuit Co., Ltd. intends to purchase inertial sensor modules, system-related research and development, and production equipment from Suzhou Yiboda Microsystems Technology Co., Ltd., with a contract amount of 3.8 million RMB. Yiboda is a company controlled by Mr. Xu Liang, the actual controller of the company and serves as a director, making this transaction a related party transaction. This transaction will help reduce the company's costs and time investment, accelerate the launch of new products, speed up the rapid introduction of the company's new quality production capacity industry, and help the company improve the construction and upgrade of the future industrial chain. This transaction has been approved by the Fifth Independent Director Meeting and the Eighth Board Meeting of the Fifth Board of Directors of the company, and does not require approval from the company's shareholders' meeting.