China-UK Technology: Plans to acquire no less than 51% equity of UK-China Electric Group, expected to constitute a significant asset restructuring.

Zhongying Technology announced that the company is planning to purchase at least 51% of the shares of Changzhou Yingzhong Electric Co., Ltd. in cash and obtain controlling rights. Once the transaction is completed, Yingzhong Electric will become a subsidiary of the company. This transaction is expected to constitute a major asset reorganization and a related party transaction. Currently, all parties have signed a Letter of Intent for Equity Acquisition, but the transaction plan and terms still need further negotiation. The company's stock will not be suspended and progress will be disclosed in stages. The target company is a professional supplier of insulation fiber materials and molded products. After years of industry cultivation, its products have covered various voltage levels of transformer equipment matching products, including medium and low voltage, high voltage, ultra-high voltage, and extra-high voltage AC and DC power.