Dao Shi Technology: Signed a strategic cooperation agreement with Hunan Peisen and established a joint venture company.

Notice from Daoshi Technology: The company has signed a strategic cooperation agreement with Hunan Peisen Electronic Technology Co., Ltd. and established a joint venture company named Guangdong Turing Daosen Technology Co., Ltd. with a registered capital of 10 million RMB. Daoshi Technology subscribed for 5 million RMB through capital contribution, accounting for 50% of the registered capital. Recently, Daoshi Technology signed a equity transfer agreement with Guangdong Xinpeisen Technology Co., Ltd., where Xinpeisen acquired 50% equity of Turing Daosen held by Daoshi Technology for 5 million RMB. After the transfer is completed, Turing Daosen will no longer be included in the consolidated financial statements of Daoshi Technology.