How is the bankruptcy and reorganization of Shenzhen Qianhai 95 Group going now?

Okay.

1. The bankruptcy and reorganization of Shenzhen Qianhai 95 Group is as of January 9, 2023. It is very good. The bankruptcy and reorganization application of the controlling shareholder Qianhai 95 has been approved by the Guangdong High Court and Shenzhen The Intermediate Court conducted a retrial and actively promoted its relationship with Sichuan Andy Technology Industrial Co., Ltd.

2. Public information shows that Andy Technology is a domestic manufacturer of satellite communication products and a professional satellite communication operation service provider. Andy Technology's R&D expenses as a proportion of operating income have remained above 50 for three consecutive years, and it has been authorized for 7 inventions and 24 utility model patents.