Longyun Group: Intends to purchase 58% equity of Yuheng Film Industry by issuing shares, and resume trading of stocks.

Long Yun Co., Ltd. Announcement: The company plans to purchase a total of 58% equity of Xinjiang Yuheng Film Group Co., Ltd. held by Shanghai Bing Chang Enterprise Management Center and Duan Zekun through the issuance of shares. As of the date of signing the prospectus summary, the audit and evaluation work of the target company has not been completed, and the overall valuation range of the target company is expected to be between 450 million and 530 million yuan. The final transaction price will be determined through negotiation based on the valuation confirmed in the evaluation report issued by the evaluation agency. After the transaction is completed, Yuheng Film will become a wholly-owned subsidiary of Long Yun, helping the company extend its main business to the "full chain of content production" and adding a core sector of film and television content production and operation. This transaction still needs to go through relevant decision-making and approval procedures.