Senao Networks, Inc. announced that the Company's Board of Directors approved the investment of Vietnam's factory. Date of the resolution by the board of directors or shareholders meeting: January 6, 2023. Content of the investment plan: The Company plans to invest a factory in Vietnam.

Projected monetary amount of the investment: USD 30 million. Projected date of investment:2023 Quarter 1.Source of capital funds: The Company's own funds. Specific purpose: To fullfill the production demand for the Company's long-term growth and supply chain strategy.