The board of directors of Tianshui Huatiank Technology Co., Ltd. (hereinafter referred to as "the Company") intends to acquire 100% of the shares of Huayi Microelectronics Co., Ltd. (hereinafter referred to as "the Target Company") held by 27 counterparties, including Tianshui Huatiank Electronic 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 payment, and to raise supporting funds (hereinafter referred to as "this transaction"). After careful analysis, the board believes that this transaction complies with Articles 11, 43, and 44 of the Major Asset Restructuring Management Measures for Listed Companies, with specific details as follows:
002185SZSE
Board's Explanation on Compliance with Articles 11, 43, and 44 of the Major Asset Restructuring Management Measures for Listed Companies
✨ AI Summary
The board of Tianshui Huatiank Technology Co., Ltd. confirms that the proposed transaction, involving the acquisition of 100% of Huayi Microelectronics Co., Ltd., complies with relevant regulations. The transaction aims to enhance operational capacity and maintain independence from related parties. It is expected to improve asset quality and create significant synergies with existing business operations.
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