On June 14, Juncheng Technology proudly announced the successful completion of the first installment payment for the acquisition, marking a significant milestone in its strategic expansion. Concurrently, at the Xintongda shareholders' general meeting, Sun Changling, nominated by Juncheng Technology, was duly elected as a director, and Zhang Chengjun was appointed as a supervisor. These appointments have been duly registered with the Zhenjiang Administration for Market Regulation. As per the terms of the Share Transfer Agreement, Juncheng Technology has now fully acquired a 40% stake in Xintongda, alongside the corresponding rights and interests.