Mingyang Intelligence: Progress of the negotiation to purchase 100% of the equity of Zhongshan Dehua Chip.

Mingyang Intelligent announced that the company is planning to acquire 100% equity of Zhongshan Dehua chip technology Co., Ltd. by issuing shares and paying cash, and raise supporting funds. It is expected that this will not constitute a major asset restructuring. The company's stock will be suspended from trading starting on January 13, 2026, for a period not exceeding 10 trading days. On January 22, the board of directors of the company approved the relevant proposal of the transaction plan, and the stock will resume trading starting on January 23. On the same day, the company received an inquiry letter from the Shanghai Stock Exchange. The company replied and revised the plan on February 6. As of the disclosure date of this announcement, the related audit and evaluation work for the transaction is proceeding in an orderly manner, and the transaction still requires multiple approvals, with uncertainties.