Tianmai Technology: Plans to acquire 100% equity of Feneng Automation, expected to constitute a major asset restructuring.

Tianmai Technology announced that the company is planning to issue shares and pay cash to purchase 100% equity of Shanghai Feneng Automation Technology Co., Ltd. and raise matching funds, which is expected to constitute a major asset restructuring and related party transaction. Due to the uncertainty of the matter, in order to safeguard the interests of investors, the company's stock has been suspended from trading since the market opened on April 20. The company expects to disclose the transaction plan within no more than 10 trading days, that is, disclose relevant information by May 7th.