Rocoi: Plans to transfer 51% equity of Quanzhou Qixing for 100 million yuan

Rocoi announced on the evening of May 30 that, after friendly consultations with Qixing Co., Ltd., the company and Qixing Co., Ltd. intend to terminate the "Investment Cooperation Agreement" and its supplementary agreement. At the same time, the company plans to acquire 42.50% of the equity of Rocoi Electric held by Qixing Co., Ltd. for a price of 82.625 million yuan, and intends to transfer 51% of the equity of Quanzhou Qixing held by the company to Qixing Co., Ltd. for a price of 100 million yuan. Agreements for the termination, the equity transfer agreement regarding Jiangsu Rocoi Electric Co., Ltd., and the equity transfer agreement regarding Quanzhou Qixing Electric Co., Ltd. will be signed separately for the above matters. After the completion of this transaction, Quanzhou Qixing will no longer be included in the company's consolidated financial statements