Kailong High-Tech: After the acquisition is terminated, it will continue to advance according to the established development plan for embodied intelligence business.

On August 10, Kailong Gaoke announced at the investor briefing regarding the termination of the acquisition of shares and cash payment for asset purchases, as well as the fundraising for related transactions, that following the termination of this acquisition, the company will continue to advance according to its established development plan for embodied intelligence business. Currently, the companys embodied intelligence sector has secured some existing orders. The company will subsequently reasonable plan and continuously promote R&D investment based on its strategic development plan, ensuring the orderly progress of R&D work. Previously, Kailong Gaoke announced the termination of its plan to acquire 70% equity of Shenzhen Jinwandaji Electromechanical Co., Ltd. through issuing shares and cash payment, as well as fundraising activities.