Nanjing Public Utilities Development: Plans to acquire 68% equity in Yugu Technology, stock to resume trading

Nanjing Public Utilities Development announced that the company plans to purchase a total of 20,399,997 shares of Yugu Technology held by Liu Aiming and 21 other trading parties through the issuance of shares and cash payment, and to raise supporting funds. On January 9, 2025, the company signed a framework agreement with the trading parties, which is subject to conditions for effectiveness. This transaction is expected to constitute a related party transaction and is not expected to constitute a major asset restructuring. The company's stock will resume trading on January 13, 2025, starting from the morning market opening