Friendship Group: Application for Major Asset Restructuring Suspended for Review by Shenzhen Stock Exchange

Youa Group announced that the company plans to issue shares and pay cash to acquire 100% equity of Shenzhen Shangyangtong Technology Co., Ltd. and raise supporting funds. As the financial information in the application documents for this transaction has expired, supplementary materials need to be submitted, and the Shenzhen Stock Exchange has suspended the review of this transaction. This suspension of review does not constitute a material impact. The company and intermediary institutions are advancing the work of updating financial data and will apply to resume the review as soon as possible. This transaction still requires approval by the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission. Whether it will be approved and the timing remain uncertain.