North Hubei Co., Ltd.: Intends to Acquire 100% Equity of Zhongshan Kerui for 156 Million Yuan

North Ding announces that the company plans to use its own funds of 156 million yuan to acquire 100% equity of Zhongshan Kelui Automation Technology Co., Ltd., a wholly-owned subsidiary of Shenzhen Kelui Technology Co., Ltd. After the completion of this transaction, Zhongshan Kelui will become a wholly-owned subsidiary of North Ding and will be included in the consolidated financial statements. This transaction is not considered a related party transaction, nor a significant asset restructuring, and does not require approval from the company's shareholders' meeting. The completion of this transaction is still subject to approval from Kelui Technology's shareholders' meeting, and there is uncertainty as to whether it will be finalized.