Ruiyi Announces Completion of Cash Capital Reduction for Subsidiary Ruiyi Optoelectronics (Nanjing) Co., Ltd.

1. Date of regulatory approval for capital reduction: July 24, 115

2. Date of completion of capital change registration: July 24, 115

3. Impact on financial statements (including differences in paid-in capital and outstanding shares, and impact on net asset value per share):

Paid-in Capital (USD)

Before reduction: USD 52,500,000

After reduction: USD 36,750,000

As a limited company, there are no outstanding shares or net asset value per share.

4. Planned share exchange operation: Not applicable

5. Number of listed common shares after capital reduction: Not applicable

6. Ratio of listed common shares to total issued common shares after reduction (listed common shares after reduction / total issued common shares after reduction): Not applicable

7. If the number of listed common shares after reduction is less than 60 million and less than 25%, explain measures for low share liquidity: Not applicable

8. Other matters to be disclosed: The business license after capital reduction was obtained on August 3, 115.