Tongwei Co., Ltd.: Planning to acquire 100% equity of Qinghai Li Hao, stock continues to be suspended.

Tongwei Group announced that the company is planning to issue shares and pay cash to purchase 100% equity of Qinghai Lihao Qingneng Co., Ltd. and raise supporting funds, which is expected not to constitute a major asset restructuring or related-party transaction. The company's stock, convertible bonds and convertible bond conversion will be suspended from trading starting from February 25, expected to resume within 10 trading days. As of the disclosure date of the announcement, the transaction is still in the planning stage, with relevant parties negotiating, then analyzing and confirming the plan. The stock will continue to be suspended until the matter is confirmed and the resumption of trading is applied for. The transaction is subject to uncertainties, and must comply with internal decision-making procedures and obtain regulatory approval.