SHAHE INDUSTRY: Plans to purchase 70% equity of Jinghua Electronics held by Shenye Pengji in cash

SHAHE INDUSTRY announced that the company intends to purchase 70% of the equity of Shenzhen Jinghua Display Electronics Co., Ltd. held by Shen Ye Peng Ji Co., Ltd. through cash payment. Upon completion of this transaction, Jinghua Electronics will become a subsidiary controlled by the company and included in the company's consolidated financial statements. This transaction is still in the planning stage, and the parties involved have not yet signed a formal agreement. The signed "Intent Agreement for Cash Purchase of Assets" is a preliminary agreement reflecting the willingness of the signing parties to cooperate. The specific transaction plan still needs further negotiation, advancement, and implementation. The signing of the formal agreement must also comply with the relevant regulations for major asset restructuring and fulfill the necessary decision-making and approval procedures. There is still uncertainty regarding whether the cooperation can be finalized and a formal agreement signed