Information Development announced on October 20 that the controlling shareholder of the company, Jiaoxin Beidou Equity Investment Co., Ltd. and Shanghai CITIC Electronics Development Co., Ltd., the controlling shareholder of the company terminated the “Voting Rights Entrustment Agreement”, which led to a change in the controlling shareholder of the company, and the company changed to a state where there was no controlling shareholder or actual controller. The company's status of no controlling shareholders or actual controllers will not cause changes in the main business structure and will not have a significant adverse impact on the company's daily business activities.

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