Junchen Technology: Planning Major Asset Restructuring and Related Party Transactions

Junchen Technology announced that on August 17, 2026, the company signed a "Letter of Intent for Acquisition" with Jiangsu Xintongda shareholders Xu Suozhang and Xu Yimeng, intending to acquire 50% of Jiangsu Xintongda's shares in cash. Prior to the transaction, the company held 40% of Jiangsu Xintongda's shares. This transaction constitutes a related-party transaction and is expected to be a significant asset restructuring. After completion, Jiangsu Xintongda will become a controlled subsidiary of the company. This transaction does not involve issuing shares and will not lead to changes in the company's controlling shareholder or actual controller, and the companys stock will not be suspended. Currently, the transaction is still in the preliminary planning stage, and related matters remain uncertain.