Board's Explanation on Related Parties of This Transaction Not Violating Regulations on Major Asset Restructuring

✨ AI Summary

The board of Tianshui Huati Technology Co., Ltd. confirms that the related parties involved in the transaction do not violate the regulations prohibiting participation in major asset restructuring. The transaction involves acquiring 100% of Huayi Microelectronics Co., Ltd. through share issuance and cash payment. No investigations or penalties related to insider trading have been reported in the last 36 months.

Summary generated by AI · Always verify with source document