Yidao Information: A wholly-owned subsidiary plans to provide a loan of 375 million yuan to its joint venture company, with equity pledge guarantee.

Yidao Information announced that the 13th meeting of the 4th Board of Directors of the company approved the "Proposal on Providing Equity Pledge Guarantees and Related Transactions." Yihong Investment, a wholly-owned subsidiary of the company, is planning to apply for a fixed asset loan of 375 million yuan from Construction Bank for its equity-invested company Yifeng Smart Chip. Yihong Investment plans to provide a pledge guarantee for this loan with its 40% equity in Yifeng Smart Chip. As the Chairman Zhang Zhiyu and Director and Chief Financial Officer Chen Liang of Yifeng Smart Chip respectively serve as the Chairman and Financial Officer, they abstained from voting on this proposal. This proposal will need to be reviewed by the shareholders' meeting.