Tailong Co., Ltd. announced that Shiyuan Lighting Technology Co., Ltd., a wholly-owned subsidiary of the company, recently received a “Notice of Registration” permitting deregistration. Xiamen Shiyuan has a registered capital of 5 million yuan. Due to the impact of the market environment and business planning adjustments in recent years, the operation has not met expectations and there is no actual business development. The company decided to cancel it in order to optimize the organizational structure and focus on the main business. This cancellation falls within the scope of management's decision-making authority. There is no need to submit it to the board of directors or shareholders' meeting for review. It does not constitute a related transaction or major asset restructuring. After the cancellation is completed, Xiamen Shiyuan will no longer be included in the scope of the consolidated statement, and will not have a substantial impact on the company's overall business development and profit level.

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