Ruisong Technology announced that the company plans to use the oversubscribed funds of 90 million yen (excluding tax, equivalent to about 4.3422 million yuan) to purchase the tangible and intangible assets related to the high-precision and high-speed parallel robot project of Panasonic Connect Co., Ltd. (Chinese name: Matsushita Interconnect Co., Ltd.). This transaction has been reviewed and approved by the 14th meeting of the third board of directors and the 14th meeting of the third board of supervisors. This transaction does not involve related transactions, does not constitute a major asset reorganization, and does not need to be submitted to the company's shareholders' meeting for review.