Jingwei Huikai: Plans to spin off electronic information sector business assets

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Jingwei Huikai Announcement: The company plans to transfer the assets of the electronic information sector, mainly including Xinhuikai Technology (Shenzhen) Co., Ltd. and its consolidated subsidiaries, Hunan Jingwei Huikai Technology Co., Ltd., Zhuzhou Xinhuikai Technology Co., Ltd., and Jingwei Huikai Technology (Shenzhen) Co., Ltd., to Shenzhen Fujei Technology Co., Ltd.
The transferred assets do not include non-electronic information sector assets held by the aforementioned subsidiaries or equity investments outside the scope of Jingwei Huikai’s consolidation.
This transaction is planned to be conducted in cash and does not involve the issuance of shares.
Based on preliminary research and calculations, 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 controlling shareholder or actual controller.

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