Ruilike Mi: Application for Issuing Shares to Purchase Assets is Accepted by Shenzhen Stock Exchange

Sina Finance news on March 30th, Ruilikelmi announced that the company plans to issue shares to purchase 16% equity of Wuhan Ruilikesi Auto Electronics Co., Ltd. owned by Mr. Cheng Yi. Recently, the company received a notice from the Shenzhen Stock Exchange regarding the acceptance of the application for the issuance of shares to purchase assets by Guangzhou Ruilikelmi Auto Electronics Co., Ltd. The Shenzhen Stock Exchange has checked the application documents for the issuance of shares to purchase assets and related transactions submitted by the company according to relevant regulations, and deemed that the application documents are complete, and therefore decided to accept the application. This transaction still needs to go through the review of the Shenzhen Stock Exchange and obtain approval from the China Securities Regulatory Commission for registration. The final outcome and the time of obtaining approval and registration are still uncertain.