Ruyang Technology has announced the initial pricing for its inquiry transfer at 40.00 yuan per share. A total of six valid quotations have been received from professional institutional investors, including fund management companies, securities firms, and private equity fund managers. These quotations collectively represent a total of 5.356 million shares, with a subscription ratio of 2.40 times. Currently, all shares available in this inquiry transfer have been subscribed by four institutional investors, amounting to a transfer of 2.233357 million shares. The final transfer results will be contingent upon the processing by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Ruyang Technology underscores that this inquiry transfer will neither alter the company's control rights nor impact its governance structure or ongoing operations.