Statement of the Board of Directors of Changzhou Zhongying Technology Co., Ltd. on Compliance with Article 4 of the "Regulatory Requirements for Planning and Implementing Major Asset Reorganizations of Listed Companies" Regarding the Current Transaction
Changzhou Zhongying Technology Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 51% of the equity of Changzhou Yingzhong Electric Co., Ltd. (hereinafter referred to as the "Target Company" or "Yingzhong Electric") held by Yu Biao, Yu Yingzhong, and Zhu Lijuan (collectively referred to as the "Counterparties") through cash payment (hereinafter referred to as the "Current Transaction").