CTCG: Plans to purchase part or all of the equity of Runtian Industrial and raise matching funds. The company's stock will be suspended from trading starting May 15, 2025

CTCG announced that the company is planning to acquire part or all of the equity of Jiangxi Runtian Industrial Co., Ltd. through the issuance of shares and cash payment, as well as to raise supporting funds, in order to achieve control over Runtian Industrial. This transaction is expected to constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies" and will not result in a change of the company's actual controller, nor will it constitute a restructuring listing. The transaction is still in the planning stage, and the company's stock will be suspended from trading starting from May 15, 2025, with the suspension expected to last no more than 10 trading days