SWEC plans to change its company name to: Shanghai XianDao JiDian Technology Co., Ltd

SWEC plans to change its company name to Shanghai XianDao JiDian Technology Co., Ltd., and will accordingly adjust its English name and business scope. This proposal needs to be submitted to the shareholders' meeting for review. In recent years, the company has focused on the fields of semiconductor equipment, materials, and components, and it is expected that by June 30, 2025, the business structure will undergo significant transformation, with a substantial decrease in the proportion of revenue from real estate business. The company's controlling shareholder will change to XianDao Technology Group Co., Ltd. on November 28, 2024, and in the future, it will leverage its resource advantages to promote the development of semiconductor-related businesses