Statement of the Board of Directors on the Completeness, Compliance, and Validity of Legal Documents for This Transaction
Tianshui Huati Technology Co., Ltd. (hereinafter referred to as "the Company") intends to acquire 100% of Huayi Microelectronics Co., Ltd. from a total of 27 counterparties, including Tianshui Huayi Electronics Group Co., Ltd., Xi'an Houyi Investment Management Partnership (Limited Partnership), and Xi'an Xintianyu Platinum Enterprise Management Partnership (Limited Partnership), through the issuance of shares and cash payments, and to raise supporting funds (hereinafter referred to as "this transaction"). After careful analysis, the board of directors believes that the Company has fulfilled the necessary legal procedures for this transaction at this stage, and these procedures are complete, legal, and effective, in accordance with relevant laws and regulations and the provisions of the Articles of Association of Tianshui Huati Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"); the legal documents the Company intends to submit for this transaction are legal and valid. The specific circumstances are as follows: