State Investment in Shandong: Planning for a major asset restructuring, stocks will be suspended from tomorrow.

On the evening of June 23, Guotou Zhonglu Corporation announced that the company has recently received a notification from its controlling shareholder, China Development Investment Group Co., Ltd., regarding the planned major asset restructuring related to the company. The company plans to issue shares to Guotou Group and other relevant parties to purchase the controlling rights of China Electronic Engineering Design Institute Co., Ltd., and also to issue shares to no more than 35 specific qualified investors to raise funds. It is expected that this transaction will constitute a major asset restructuring. The company's stock will be suspended from trading starting from June 24, 2025, and the total suspension period is expected not to exceed 10 trading days.