Wanxiang Money Tide: Announcement of Major Asset Restructuring Progress

A Golden Data News on February 7th, Wanxiang Qianchao announced that, as of the date of this announcement, the major asset restructuring of the company is in progress. The company plans to purchase 100% equity of Wanxiang America Corp. through issuance of shares and payment of cash, and to raise matching funds through issuance of shares to not more than 35 specific investors. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring. Currently, due diligence, auditing, evaluation, and other work are in progress, and the transaction plan is under further discussion, and the formal transaction documents have not been signed yet. The company will strictly fulfill its disclosure obligations according to the progress of the relevant matters, and investors are invited to follow subsequent announcements.