Lionhead Technology Development replied to the regulatory work letter of the Shanghai Stock Exchange, and the company took necessary measures such as sending urging letters, lawyer’s letters, and arbitration to urge payment, and has signed a feasible repayment agreement with Fang Hebing. The company will disclose the progress of the Kunheng Technology 7 million yuan buyback and interest recovery on time or at important points, and effectively safeguard the interests of the listed company. The repayment agreement stipulates that Fang Hebing will repay the 7 million yuan equity buyback in six installments, and pay interest at an annualized interest rate of 3.45% based on the one-year loan interest rate of the People's Bank of China.