The Board of Directors of Changzhou Zhongying Technology Co., Ltd. Statement on the Transaction Complying with Article 18 of the Measures for the Supervision and Administration of Gem-listed Companies (Trial) and Article 8 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies on the Shenzhen Stock Exchange
Changzhou Zhongying Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") proposes to acquire 51% of the equity of Changzhou Zhongying Electric Co., Ltd. (hereinafter referred to as the "Target Company") held by Yu Biao, Yu Yingzhong, and Zhu Lijuan through cash payment (hereinafter referred to as the "Transaction").