IKD: Completed the absorption merger of its wholly-owned subsidiary Ningbo Xinfly

IKD announced that the company plans to absorb and merge its wholly-owned subsidiary Ningbo Xinfly in October 2024, a matter approved by the board of directors and the shareholders' meeting. In June 2025, both parties signed the "Absorption and Merger Agreement," establishing June 30 as the merger reference date. Recently, the company received the "Notice of Approval for Cancellation of Registration," and the business cancellation procedures for Ningbo Xinfly have been completed, finalizing the absorption and merger. This absorption and merger is beneficial for optimizing organizational management levels, improving operational efficiency, and reducing management costs, and it will not have a substantial impact on the company's financial condition