CoreTech: Revised Inquiry Letter Response Disclosing Transaction Details

XinDao Technology disclosed that the company has revised, supplemented, and improved its response to the inquiry letter from the Shanghai Stock Exchange. The details of these revisions can be found in the announcement titled "Response to the Inquiry Letter Regarding the Application for Issuance of Convertible Corporate Bonds and Cash Purchase of Assets by Shanghai XinDao Electronic Technology Co., Ltd." released on the same day. The company plans to acquire 100% equity of JiShun Technology and 17.15% equity of ShunLei Technology through the issuance of convertible corporate bonds and cash payment, and further acquire 100% equity of ShunLei Technology. This transaction is still subject to approval from the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission.