Mingyang Intelligence: Planning to purchase 100% of Zhongshan Dehua's equity, the transaction is still pending approval.

Mingyang Intelligent announced that the company is planning to issue shares and pay cash to purchase 100% equity of Zhongshan Dehua Chip Technology Co., Ltd. and raise matching funds, constituting a related party transaction, which is expected not to constitute a major asset restructuring. The company's stock was suspended from trading on January 13th and resumed trading on January 23rd. The company has responded to the inquiry letter from the Shanghai Stock Exchange and revised the draft plan. As of the announcement date, relevant audit, assessment, and legal due diligence work are progressing. The parties involved in this transaction have not signed a formal agreement, and there are uncertainties as to whether it can be implemented, as there are still multiple approvals needed.