Taitech: Intends to issue shares to purchase 27.46% equity of Jiangxi Taitech Military Industry

Taihao Technology announced that the company intends to issue shares to purchase a total of 27.46% equity of Jiangxi Taihao Military Industry Group held by Beijing Guofa Aviation Engine Industry Investment Fund and others. This transaction does not constitute a major asset restructuring and is expected to constitute a related party transaction. The company's stock was suspended from trading starting from March 24, 2025, and will resume trading on April 8, 2025. Currently, all parties involved in the transaction have reached a consensus, and the company will continue to advance the transaction, complete the audit and evaluation of the target company, negotiate and determine the transaction details, and will convene another board meeting for further review. This transaction still requires multiple approvals and approvals from regulatory authorities, and there is uncertainty as to whether it can ultimately be implemented.