Wen Yi Technology: The "Hefei State-owned Assets Acquisition" is currently in the approval process of the competent state-owned assets department.

On December 4th, Jinshi Data reported that Wenyi Technology stated at the performance briefing that, according to the current understanding, the equity change involving the ‘Hefei State-owned Assets Acquiring the Company’ is currently in the process of approval by the competent state-owned assets department. The final implementation and completion time of this matter are still uncertain. The company will fulfill its information disclosure obligations in a timely manner based on the progress of the follow-up matters involved in this equity change. Investors are kindly requested to follow relevant announcements and pay attention to investment risks. The first phase of the company’s fan-out wafer-level packaging equipment has been developed, and the first manual prototype has been completed. There are still many difficulties to be solved in the follow-up research and development, and there is uncertainty mainly due to technical and market factors.