Meixin Yishen: Proposed Cash Acquisition of No More Than 70% Stake in Taizhou Xinyu Precision Manufacturing Co., Ltd.

Meixin Yishen Announcement: It is planned to acquire all the shares of Taizhou Jinding Enterprise Management Co., Ltd., the controlling shareholder of Taizhou Xinyu Precision Engineering Co., Ltd., held by Jing Jian, Cheng Xuemei, and others through cash payment. At the same time, it is planned to acquire some shares of the target company held by Paul Schnaberich and Tong Kin Shing through cash payment. After the completion of this transaction, the listed company is expected to directly and indirectly hold no more than 70% of the voting rights of the target company and will gain control of the target company.