Tongwei Co., Ltd.: Plans to issue shares and pay cash to acquire 100% equity of Lihiao Qingneng

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Everyday AI Express, March 10 — Tongwei Co., Ltd. announced that the company plans to acquire 100% equity of Qinghai Lihao Qingneng Co., Ltd. held by 57 shareholders, including Duan Yong, Hainan Zhuoyue Enterprise Management Partnership (Limited Partnership), and Hainan Haoyue Enterprise Management Partnership (Limited Partnership), through issuing shares and paying cash. The company also intends to issue shares to no more than 35 qualified specific investors to raise supporting funds. As of the signing date of the plan, the audit and valuation work for the target assets has not been completed, and the final transaction price has not been determined. The final price will be based on the valuation report issued by an asset appraisal institution that complies with the provisions of the Securities Law, and will be negotiated and agreed upon by all parties involved.

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