This statement clarifies that Changzhou Yingzhong Technology Co., Ltd. has not engaged in any asset purchases or sales within the twelve months prior to the current transaction, as required by the Measures for the Administration of Major Asset Reorganizations of Listed Companies. Therefore, no cumulative calculation of asset transactions is necessary for this acquisition.
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Statement of the Board of Directors of Changzhou Yingzhong Technology Co., Ltd. on the Purchase and Sale of Assets in the Twelve Months Preceding the Transaction
Changzhou Yingzhong Technology Co., Ltd. (hereinafter referred to as the "Company" or "the Company") intends to acquire 51% of the equity of Changzhou Yingzhong Electric Co., Ltd. held by Yu Biao, Yu Yingzhong, and Zhu Lijuan by paying cash (hereinafter referred to as the "Transaction").
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