Hongming Group intends to purchase 83% equity of Shenzhen Chisu for 151 million yuan.

Hongming Group announced that the company is planning to purchase 83% of the equity of Shenzhen Chisu in cash, with the expected transaction price of 151 million yuan. After the transaction is completed, Shenzhen Chisu will become a subsidiary of Hongming Group. It is expected that this transaction will constitute a major asset restructuring, without involving the issuance of shares or related transactions, and will not result in changes to the company's controlling shareholder or actual controller. The transaction is still in the preliminary planning stage, and the transaction scheme and terms need further discussion and negotiation, as well as the necessary internal and external decision-making and approval procedures. The company will organize intermediary institutions to conduct due diligence as soon as possible, and will sign a formal agreement after completing asset audit and evaluation.