Announcement on the Revised Report on Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds by Xiangtan Yongda Machinery Manufacturing Co., Ltd.

✨ AI Summary

Xiangtan Yongda Machinery Manufacturing Co., Ltd. plans to acquire a 49% stake in Jiangsu Jinyuan High-end Equipment Co., Ltd. from Ge Yanming through share issuance and cash payment. The company will also raise supporting funds. Following inquiries from the Shenzhen Stock Exchange, the company has revised its previous report to address valuation risks associated with the target assets.

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