SOJO: Plans to participate in FSPG's issuance of shares to purchase assets

On the evening of April 30, SOJO announced that the company and its controlling subsidiary, JieXinyuan, signed the "Share Purchase Agreement for Hebei Jinli New Energy Technology Co., Ltd. with Conditions Precedent" with FSPG on April 29. As of now, the company and JieXinyuan collectively hold 3.86% of Jinli's shares. FSPG intends to acquire all the shares of Jinli held directly and indirectly by the company through the issuance of shares. The transaction price for 100% of Jinli's shares is 5.08 billion yuan. If the transaction is successfully completed, the shares of Jinli held directly and indirectly by the company will be converted into shares of FSPG, which will benefit the company in enhancing asset liquidity and promoting long-term development