KYLAND: Plans to issue shares and pay cash to acquire assets and raise supporting funds

KYLAND announced that the third special meeting of independent directors of the seventh board of directors reviewed multiple proposals related to the issuance of shares and cash payment for asset purchases and the raising of supporting funds. After self-examination, the company meets the conditions stipulated by relevant laws and regulations, and the transaction plan does not harm the interests of minority shareholders. The audit and evaluation have not been completed, the price of the target assets has not been determined, and it is expected to constitute a major asset restructuring, but it does not constitute a restructuring listing or related party transaction. The company agreed to sign a framework agreement with the counterparty, and the transaction complies with multiple regulations, with no prohibitive circumstances for the relevant parties to participate in the restructuring. There have been no related asset transactions in the past 12 months, confidentiality measures have been taken, and there are no abnormal fluctuations in the stock price. The relevant proposals will be submitted to the board of directors for review