According to Xiling Information's announcement, Shanghai Xiling, a wholly-owned subsidiary of the company, carried out debt restructuring on the accounts receivable for the Skynet Project Phase III project. The original accounts receivable balance of the project was 5.174 million yuan, and credit impairment losses have been fully calculated. Shanghai Xiling agreed with a branch office of a city's public security bureau that the debt amount was adjusted to 3,622,1800 yuan, of which 1,448,700 yuan was to be paid in cash, to be paid before September 30, 2026, and 2.1731 million yuan would be covered by 2 installment units; if the cash was not received on schedule, the agreement was automatically terminated. Meanwhile, the project supplier Guizhou Watch agreed to simultaneously reduce the project payment due from Shanghai Xiling by 1.3919 million yuan after the cash was received. This matter does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for consideration.

According to Xiling Information's announcement, Shanghai Xiling, a wholly-owned subsidiary of the company, carried out debt restructuring on the accounts receivable for the Skynet Project Phase III project. The original accounts receivable balance of the project was 5.174 million yuan, and credit impairment losses have been fully calculated. Shanghai Xiling agreed with a branch office of a city's public security bureau that the debt amount was adjusted to 3,622,1800 yuan, of which 1,448,700 yuan was to be paid in cash, to be paid before September 30, 2026, and 2.1731 million yuan would be covered by 2 installment units; if the cash was not received on schedule, the agreement was automatically terminated. Meanwhile, the project supplier Guizhou Watch agreed to simultaneously reduce the project payment due from Shanghai Xiling by 1.3919 million yuan after the cash was received. This matter does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for consideration.