Hangzhou High-tech: The controlling subsidiary purchases assets with a transaction amount of 19.2922 million yuan.

Hangzhou High-tech announced that the company's controlling subsidiary, Fujian Nanping Taiyang High-tech Cable Materials Co., Ltd., plans to purchase assets related to production and operation including machinery and equipment, vehicles, and electronic equipment from Fujian Nanping Taiyang Cable Co., Ltd., with a total transaction amount of 19.2922 million yuan. The source of funds for this transaction is self-raised funds of Taiyang High-tech, aiming to meet its business development and production operation needs and contribute to its long-term development. The transaction has completed approval procedures and signed a purchase contract. The pricing of the transaction is negotiated by the parties based on the assessed value, following the principles of fairness, impartiality, and transparency, and there is no situation that would harm the interests of the company and shareholders.