Power Source Technology: Independent Director Mr. Li Bin passed away unfortunately.

Liyuan Technology announced that Mr. Li Bin, an independent director of the company, passed away recently due to illness. During his tenure as an independent director of the company, Mr. Li Bin fulfilled his duties with diligence and dedication, providing professional opinions and advice on relevant decision-making matters for the company. The company and the board of directors express deep condolences for the passing of Mr. Li Bin and extend heartfelt sympathies to his family. After Mr. Li Bin's passing, the company will promptly complete the selection of a new independent director in accordance with relevant regulations.