Xiangxin Technology: Intends to acquire 51% of the equity of Suzhou Cool Core through cash acquisition and capital increase combination.

Xiangxin Technology announced that the fifth session of the fifth board of directors of the company reviewed and approved the proposal to sign a framework agreement for equity acquisition. It agreed to sign an agreement with Li Xiaozhen and others, as well as Suzhou Cool Core Technology Co., Ltd., intending to acquire 51% of the equity of Suzhou Cool Core through a combination of cash acquisition and capital increase. After the completion of the transaction, it will become a controlling subsidiary. The framework agreement is a preliminary intention, and the uncertainty remains as to whether the final agreement can be reached. The transaction is not expected to constitute a major asset restructuring.