Observation Technology: Shareholder Observation Development proposes to transfer 5% of its shares to Zi Yuan Capital at a price of 44.14 yuan per share.

Guangxiang Technology announced on the evening of July 17th that the company's shareholder, Guangxiang Development, plans to transfer 4 million shares of the company's stock to Zhiyuan Capital through an agreement transfer. The transfer price is 44.14 yuan per share, with a total transfer price of 176.56 million yuan. After this transfer is completed, Zhiyuan Capital will become a shareholder holding more than 5% of the company's shares. This share transfer will not lead to a change in the actual controller or controlling shareholder of the company, and will not have a negative impact on the company's governance structure and ongoing operations.