Gaoyang Technology: Issuance ceiling of 217 million yuan asset-backed securities.

Gaoyang Technology Announcement: The Board of Directors has approved the issuance of the Ascendant Cloud Chain - Xingyao II Supply Chain Financial Asset Support Special Plan, and the issuance of asset-backed securities within China. According to the no objection letter issued by the Shanghai Stock Exchange, the maximum issuance scale of the special plan is RMB 217 million, which can be issued within 12 months from the date of approval. The issuance scale of the senior asset-backed securities is RMB 183 million, with a credit rating of AAAsf by an independent credit rating agency, and an expected maturity date of March 19, 2027, with a coupon rate of 2.8%. The issuance scale of the subordinated asset-backed securities is RMB 34 million, with an expected maturity date of March 19, 2027, and a coupon rate of 2.8%.