Haitai Technology: Intends to acquire 98.21% of Xuyu's shares. The transaction is still pending approval.

Haitai announced that it plans to issue shares and pay cash to Beijing Dongfang Xuyu Technology Development Co., Ltd., Yang Baohuo, and 88 other counterparties to purchase 98.21% of Xuyu's shares, and raise supporting funds, which is expected to constitute a related transaction. The company's stock was suspended from trading on April 7th and resumed on April 21st. As of the disclosure date, the audit, evaluation, and other work related to the transaction had not been completed, and further review by the board of directors, approval by shareholders' meeting, and approval by relevant regulatory authorities are needed. The outcome of the approval process is uncertain.