Zhongwei Company: Issuance of shares and payment of cash to purchase 64.69% equity of Hangzhou Zhongguo Electronics Technology Co., Ltd.

The announcement of Zhongwei Corporation: The company intends to purchase 64.69% of the equity of Hangzhou Zhonggui Electronic Technology Co., Ltd. through the issuance of shares and payment of cash, and has obtained the registration approval of the China Securities Regulatory Commission for the fundraising matters.