Wanxiang Qian Chao announced that the company's issuance of shares and payment of cash to purchase assets and raise supporting capital and related transactions are expected to constitute a major asset restructuring and not a restructuring and listing. On April 30, 2024, the company and the counterparty signed a relevant agreement with conditions to review and pass the relevant bill; after negotiations, the transaction will continue to be promoted, and the board of directors will take the opportunity to reconvene to review related matters, using the announcement date of the board resolution as the reference date for the pricing of issued shares. As of the date of disclosure of the announcement, due diligence, audit, evaluation, etc. involved in this transaction were in progress, the transaction plan was still being discussed, and the relevant parties had not signed the official transaction documents. The transaction still needs to go through multiple approval procedures, and there is uncertainty about whether and when it will be approved.

Wanxiang Qian Chao announced that the company's issuance of shares and payment of cash to purchase assets and raise supporting capital and related transactions are expected to constitute a major asset restructuring and not a restructuring and listing. On April 30, 2024, the company and the counterparty signed a relevant agreement with conditions to review and pass the relevant bill; after negotiations, the transaction will continue to be promoted, and the board of directors will take the opportunity to reconvene to review related matters, using the announcement date of the board resolution as the reference date for the pricing of issued shares. As of the date of disclosure of the announcement, due diligence, audit, evaluation, etc. involved in this transaction were in progress, the transaction plan was still being discussed, and the relevant parties had not signed the official transaction documents. The transaction still needs to go through multiple approval procedures, and there is uncertainty about whether and when it will be approved.