SinoDaan: Xiamen Jianxi plans to subscribe for 42.0402 million shares, holding a stake of 23.08%

SinoDaan announced that the company has signed a share subscription agreement with Xiamen Jianxi, intending to issue no more than 42.0402 million shares to Xiamen Jianxi, accounting for 30% of the total share capital before the issuance. After this equity change, Xiamen Jianxi will hold 23.08% of the company's shares, becoming the controlling shareholder, with Wang Li as the actual controller. The shareholding ratio of Likong Disen will decrease to 7.70%, while Wu Junye's shareholding ratio will be 7.02%. This equity change requires approval from relevant approval and regulatory authorities, and there is uncertainty involved