GUAN CHAO HLDGS (01872) announced on October 20, 2025, that the Guangdong Provincial Department of Science and Technology has published the "Guangdong Province 2025 Third Batch of Proposed Technology-based SMEs" list. The board is pleased to announce that Guangzhou Jinghong has been included in this prestigious list, making it one of the 11,789 selected enterprises across China. In line with the "National Innovation-driven Development Strategy Outline" and to encourage widespread entrepreneurship and innovation, the Ministry of Science and Technology, the Ministry of Finance, and the State Administration of Taxation jointly established the "Evaluation Method for Technology-based SMEs," which aligns with the "Implementation Scheme for Deepening the Reform of the Science and Technology System." According to the evaluation method, enterprises must meet specific criteria to qualify as technology-based SMEs. These criteria include engaging a certain number of technical personnel in scientific research and development activities, acquiring independent intellectual property rights, and transforming these into high-tech products or services. The primary goal is to promote the sustainable development of SMEs. The Department of Science and Technology is responsible for selecting enterprises based on the standards listed in the evaluation method and compiling the list of technology-based SMEs. The main objective of this list is to help enterprises access favorable policies, including tax incentives (especially for research and development cost deductions), financial subsidies, extended loss offset periods, and improving brand image to enhance market competitiveness. Additionally, the list serves as a valuable resource for promoting the development of high-tech enterprises and plays a crucial role in attracting and retaining top talent. The board believes that the inclusion of Guangzhou Jinghong in this list affirms its ongoing commitment to research and technological innovation in "national key supported high-tech fields." The company is confident that this recognition will enable Guangzhou Jinghong to align with national policy directives and receive associated benefits and funding support. This support is expected to facilitate the timely completion of its development plans and bring positive financial results to the group.