HONGMING: Plans to acquire 83% equity of Shenzhen Chisu for 151 million yuan

HONGMING announced that the company is planning to purchase 83% of the equity of Shenzhen Chisu in cash, with an estimated transaction price of 151 million yuan. After the transaction is completed, Shenzhen Chisu will become a controlling subsidiary of HONGMING. This transaction is expected to constitute a major asset restructuring, does not involve the issuance of shares, does not constitute a related party transaction, and will not lead to changes in the company's controlling shareholder and actual controller. The transaction is still in the preliminary planning stage, and the transaction plan and terms need further verification and communication negotiation, as well as the necessary internal and external decision-making and approval procedures. The company will organize intermediary institutions to conduct due diligence as soon as possible and will sign a formal agreement after completing asset auditing and evaluation