On November 3, Tongzhi Technology issued an explanation on announcements related to Pinming Technology, stating that it was concerned about the announcement issued by Pinming Technology on November 3. The investigation by the China Securities Regulatory Commission only targeted the actual controller, Mo Xujun, and did not involve the main body of Pinming Technology, current directors, supervisors, and management teams, and had nothing to do with the operation and business activities of the listed company. Tongzhi Technology will rely on underlying artificial intelligence technologies such as physical AI to support Pinming Technology to enhance its core competitiveness and continue to empower Pinming Technology to achieve collaborative and high-quality industrial development.

On November 3, Tongzhi Technology issued an explanation on announcements related to Pinming Technology, stating that it was concerned about the announcement issued by Pinming Technology on November 3. The investigation by the China Securities Regulatory Commission only targeted the actual controller, Mo Xujun, and did not involve the main body of Pinming Technology, current directors, supervisors, and management teams, and had nothing to do with the operation and business activities of the listed company. Tongzhi Technology will rely on underlying artificial intelligence technologies such as physical AI to support Pinming Technology to enhance its core competitiveness and continue to empower Pinming Technology to achieve collaborative and high-quality industrial development.