Shuangjie Electric: Intends to exchange 21.18 million shares of Jinli for Foshu Technology.

Double J Electrical announced that the company and its holding subsidiary Jie Xin Garden collectively hold 21.1883 million shares of Jinli shares, accounting for 3.86% of its total share capital. Foshu Technology intends to purchase all the shares of Jinli shares held by the company in the form of issuing shares. After the completion of this transaction, the shares of Jinli shares held by the company will be converted into shares of Foshu Technology, which is beneficial to improve asset liquidity, protect the interests of the company and shareholders, and promote the long-term development of the company.