LIONHEAD: The company's production and operations are normal, and it is planning to purchase assets and raise matching funds

On March 17th, Jinshi Data reported that LIONHEAD announced that the cumulative closing price deviation of the company's stock has exceeded 20% over two consecutive trading days, which constitutes an abnormal fluctuation in stock trading. After self-examination, the company stated that its production and operational activities are normal, and there have been no significant changes in daily operations. At the same time, the company is planning to acquire 100% of Hangzhou LiPo Technology Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. The audit and evaluation of the target assets for this transaction have not yet been completed, and the transaction price has not been determined. This transaction still needs to go through the necessary internal decision-making procedures and requires approval from the competent regulatory authorities before it can be officially implemented. Investors are advised to pay attention to investment risks