Announcement of Company’s Plan to Invest in Establishing a Subsidiary

2024.05.09

Date of Event: 2024/05/09
Company Name: Longzhong Network Co., Ltd.
Relationship with the Company: Parent Company
Cross-Shareholding Ratio: Not applicable
Reason for the Event: To expand its business scope, the board of directors has authorized the chairman to handle matters related to the establishment of a subsidiary within a 2 million euro budget.
Countermeasures: None.
Other Matters to Note: There are no matters that may significantly impact shareholder rights or securities prices, in accordance with Article 7, Clause 9 of the Regulations Governing the Implementation of the Securities and Exchange Act.

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