FIYTA: Progressing in an orderly manner with the acquisition of equity in Chang Kong Gear

FIYTA stated on the interactive platform that the company plans to acquire a controlling stake in Chang Kong Gear through cash, based on a comprehensive consideration of the actual needs of all parties involved and the specific circumstances of the project. The company is currently orderly advancing the relevant work for the acquisition of Chang Kong Gear's equity, and the final acquisition plan will be subject to the formal acquisition agreement signed by all parties based on the results of the audit and evaluation, and all parties still need to fulfill the necessary decision-making approval procedures