According to the Hefei Urban Construction announcement, the company's board of directors reviewed and passed the bill and agreed that the wholly-owned subsidiary Anhui Amber Property Service Co., Ltd. would absorb and merge the wholly-owned subsidiary Sanya Fengle Industrial Co., Ltd. After the absorption and merger is completed, Amber Property will continue, and Sanya Industrial will be cancelled in accordance with law, and all of its assets, liabilities, business, and personnel rights and obligations will be inherited by Amber Property. This merger and acquisition does not constitute a related transaction or major asset restructuring. There is no need to submit it to the shareholders' meeting for consideration, and it will not have a substantial impact on the company's consolidated statements.

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