Yakang Co., Ltd. announced that the company's subsidiary Technology Singapore Pte. Ltd. signed the “Equipment Purchase Contract” with contract number SGP-HK-B2-001 as the purchaser, involving large-scale equipment procurement matters. Beijing Tianyuan Law Firm issued a legal opinion on the matter, arguing that the counterparty to the contract was a private company limited by shares legally registered and in force in accordance with the “Company Regulations” of Hong Kong, China, and is the subject of the contract; the contract is subject to Chinese law, and the content does not violate the mandatory provisions of Chinese laws and administrative regulations, and is legal and valid.

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