On January 31st, Lyric received a notice from the Shanghai Stock Exchange regarding the review opinions on Guangdong Lyric Robot Automation Co., Ltd. issuing stocks to specific targets. The company's application to issue A-shares to specific targets in 2023 has been approved by the Shanghai Stock Exchange. The review comments are as follows:

"Guangdong Lyric Robot Automation Co., Ltd. applies to specific objects to issue stocks that meet the issuance conditions, listing conditions, and information disclosure requirements."

The company's private placement projects can be approved by regulatory authorities, indicating that the strategic layout of the company's fundraising and investment projects is in line with the national industrial development direction. The company will accelerate the response to the review opinions of private placement projects and submit registration applications to the China Securities Regulatory Commission. After obtaining the approval of the China Securities Regulatory Commission for registration, the stock issuance related work will be started in due course.