Zhejiang Jiemei Electronics Co., Ltd.
Board of Directors' Statement on the Transaction Not Constituting a Major Asset Reorganization, Related Party Transaction, or Restructuring for Listing
Zhejiang Jiemei Electronics Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 100% of the equity of Changsha Ifos Technology Co., Ltd. (hereinafter referred to as "Ifos" or the "Target Company") by issuing shares (hereinafter referred to as the "Target Assets") and raise supporting funds (hereinafter referred to as the "Transaction").
In accordance with the relevant provisions of the "Administrative Measures for Major Asset Reorganizations of Listed Companies," and the "Shenzhen Stock Exchange Stock Listing Rules," the Company's board of directors has conducted a prudent assessment of whether the Transaction constitutes a related party transaction, a major asset reorganization, or a restructuring for listing, and provides the following explanation: