Time and Space Technology: Planning to acquire 100% equity of Jiahe Jinwei, the transaction is in progress.

Space-time Technology announced that the company plans to acquire 100% equity of Shenzhen Jiahe Jinwei Electronic Technology Co., Ltd. through the issuance of shares and payment of cash, and to issue shares to the controlling shareholder and actual controller Gong Dianhai to raise matching funds, which is expected to constitute a major asset restructuring and related party transaction but not a backdoor listing. As of the disclosure date of the announcement, the company and related parties are actively progressing with auditing, evaluation, and other work. This transaction still requires approval from the board of directors, shareholders' meeting, and regulatory authorities, and there is uncertainty as to whether it will be approved.