Geer Software: Terminates Plan to Acquire Over 51% Equity of Weipin Zhiyuan

Gel Software Announcement: The company originally planned to acquire more than 51% of the equity of Shenzhen Weipin Zhiyuan Information Technology Co., Ltd. through cash payment. However, due to the inability of the two parties to reach an agreement on key terms, it has been decided to terminate the planning for this equity acquisition. The letter of intent signed with the counterparty in the early stage was only a preliminary intention, and the two parties did not sign a formal equity acquisition agreement. The decision to terminate the planning for this equity acquisition was reached by consensus between the company and the counterparty, and all parties to the transaction are not required to bear compensation or legal responsibility. It will not have any adverse impact on the company's operation performance and financial situation.