Ningbo Tianlong: Intends to acquire Suzhou Haomi Bo to promote industrial upgrading.

Ningbo Tianlong Electronics announced that the third meeting of the fifth session of the Board of Directors of the company's independent directors has approved the proposal "Opinions on the Company's Asset Acquisition Matters". The proposed acquisition of Suzhou Haomibo is in line with the company's business development and industrial upgrading needs, and is in the interests of all shareholders. Professional institutions have conducted due diligence on the transaction, the acquisition price is determined based on the evaluation value, and the price is fair. The cash transaction includes performance commitments and compensation clauses, with the founding shareholders of the target company pledging all equity and a priority compensation clause of 10 million yuan in cash, to ensure the interests of minority shareholders. The related risks have been fully disclosed. The voting result was 3 in favor, 0 against, and 0 abstentions.