Ucap: Planning a major asset restructuring, stock suspended and then resumed trading, audit evaluation not completed

Ucap announced that the company is planning to issue shares and/or pay cash to acquire control of Jintaike or its storage business assets, which is expected to constitute a significant asset restructuring and related party transaction. The company's stock will be suspended from trading starting from August 11, 2025, and a meeting will be held on August 22 to review and approve the relevant proposals, with trading resuming on August 25. As of the announcement date, auditing, evaluation, and other work have not been completed. This transaction still requires further review by the board of directors, approval from the shareholders' meeting, and regulatory agency approval, and there is uncertainty regarding whether it can be approved