The Board of Directors of Zhejiang Jiemei Electronic Technology Co., Ltd.
Statement on Compliance with Articles 11, 43, and 44 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies
Zhejiang Jiemei Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") proposes to issue shares to acquire 100% of the equity of Changsha Efoes Technology Co., Ltd. (hereinafter referred to as "Efoes" or the "Target Company") (hereinafter referred to as the "Target Asset") and raise supporting funds (hereinafter referred to as the "Transaction").
The Company's Board of Directors has prudently assessed whether the Transaction complies with Articles 11, 43, and 44 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies. The Board of Directors believes that:
I. The Transaction Complies with Article 11 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies