Ling Yun Guang: Intends to subscribe for the first public offering of shares by Zhipu for an amount not exceeding 5 million US dollars.

Lingyunguang announced on December 22nd that its wholly-owned subsidiary Lingyunguang International intends to subscribe for shares as a cornerstone investor in the initial public offering of Beijing Zhipu Huazhang Technology Co., Ltd. on the Hong Kong Stock Exchange. The expected subscription amount is not more than 5 million US dollars, excluding brokerage commissions, Hong Kong Stock Exchange trading fees, Hong Kong Securities and Futures Commission trading levies, Financial Reporting Authority trading levies, etc.