Board of Directors' Explanation on Asset Purchases and Sales in the 12 Months Prior to This Transaction
Tianshui Huatians Technology Co., Ltd. (hereinafter referred to as "the Company") intends to acquire 100% of Huayi Microelectronics Co., Ltd. held by 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 payment, and to raise supporting funds (hereinafter referred to as "this transaction").