Statement of the Board of Directors of Changzhou Ying Technology Co., Ltd. on Whether the Transaction Constitutes a Major Asset Restructuring and a Restructuring Listing
Changzhou Ying Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") proposes to acquire 51% of the equity of Changzhou Yingzhong Electric Power Co., Ltd. (hereinafter referred to as the "Target Company") held by Yu Biao, Yu Yingzhong, and Zhu Lijuan (collectively referred to as the "Transaction Counterparties") by paying cash (hereinafter referred to as the "Transaction").
According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" (hereinafter referred to as the "Restructuring Measures"), after careful review by the Board of Directors, the Transaction constitutes a major asset restructuring and does not constitute a restructuring listing. The specific situation is as follows: