Jianlong Micro Nano: Intends to acquire no less than 51% of the shares of Shanghai Hanxing Energy Technology Co., Ltd.

Jianlong micron announced that the company is planning to acquire not less than 51% of the equity of Shanghai Hanxing Energy Technology Co., Ltd. by way of cash payment. Upon completion of the transaction, Jianlong micron will become the controlling shareholder of the target company. The transaction is still in the planning stage, and specific plans, final equity ratio, transaction price, etc. have not yet reached a consensus with the counterparty. The "Letter of Intent for Cooperation" signed this time is only an indicative agreement, and the specific transaction method and terms are subject to the formal acquisition agreement signed by all parties. This transaction does not constitute a related party transaction and is expected to constitute a major asset restructuring, with no suspension of trading in the company's stock.