Gaoling Information (688175.SH): Intends to acquire control of Kaireixin Tong; stock has been suspended from trading

Gelonghui March 16 — Gao Ling Information (688175.SH) announced that the company is planning to acquire control of Kai Rui Xing Tong Information Technology (Nanjing) Co., Ltd. (hereinafter referred to as “Kai Rui Xing Tong” or “Target Company”) through issuing shares and paying cash, while also raising supporting funds (hereinafter referred to as “this transaction”). This transaction is still in the planning stage. As of the date of this announcement, the valuation of Kai Rui Xing Tong has not been finalized. Based on preliminary estimates, this transaction is expected to constitute a major asset restructuring as defined by the “Administrative Measures for Major Asset Restructuring of Listed Companies,” and will not result in a change of the company’s actual controller, nor will it constitute a reorganization and listing.

Since this transaction is in the planning stage and there are uncertainties involved, to ensure fair information disclosure, protect investors’ interests, and prevent abnormal fluctuations in the company’s stock price, the company has applied to the Shanghai Stock Exchange for a trading halt. The company’s stock will be suspended from the market starting from the opening of trading on Tuesday, March 17, 2026, with an expected suspension period of no more than 10 trading days.