Shenzhen Fornuno Wireless Co., Ltd. Board of Directors' Statement on Paid Engagement of Third-Party Institutions or Individuals for the Transaction
Shenzhen Fornuno Wireless Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 37.16% of the shares of Shenzhen Honsheng Electronics Co., Ltd. (hereinafter referred to as the "Target Company" or "Honsheng Electronics") by paying cash, and to control the Target Company through an acting-in-concert agreement (hereinafter referred to as the "Transaction"). Upon completion of the Transaction, Honsheng Electronics will become a controlling subsidiary of the Company.