2 consecutive boards MEGMIT: The server power project developed by the company has not yet received formal orders from relevant customers as it is still in the research and development stage.

On October 21st, Jin10 Data reported that Megmeet, which had two consecutive daily limit up, released an announcement on abnormal fluctuations. The server system power project developed by the company is still in the research and development stage, and has not yet obtained formal orders from relevant customers. There is a risk that the company may not receive formal orders from customers as scheduled, or that orders may be changed or cancelled due to changes in customer needs, as no supply order contract or protocol has been signed yet, and there is still uncertainty about the impact on the company’s future business performance.