Meili High Technology: Plans to acquire equity in its controlling subsidiary for 15 million yuan

Meili High Technology announced that the company held a board of directors and supervisory board meeting on October 10, 2025, to review and approve the proposal regarding the acquisition of partial equity in a controlling subsidiary and related transactions. The company will use its own funds of 15 million yuan to acquire 10.1% equity in Beijing Dayuan and Jiangsu Dayuan held by Dayuan Steel. Upon completion of the transaction, Meili High Technology will hold 80.1% equity in both Beijing Dayuan and Jiangsu Dayuan. This transaction aims to improve decision-making efficiency, aligns with the company's development strategy, and will not have a significant impact on the company's financial condition and operating results