Tongwei Corporation: Intends to issue shares and pay cash to purchase 100% equity of Lihao Qingneng

Tongwei Corporation announcement states that the company plans to purchase 100% equity of Qinghai Li Hao Qingneng Co., Ltd. held by 57 shareholders including Duan Yong, Hainan Zhuoyue Enterprise Management Partnership Enterprise, and Hainan Haoyue Enterprise Management Partnership Enterprise, through the issuance of shares and payment of cash, and to issue shares to raise funds from up to 35 specific investors. As of the signing date of the draft plan, the audit and evaluation of the target assets have not been completed, the transaction price has not been finally determined, and the final transaction price will be based on the evaluation results stated in the asset appraisal report issued by an asset appraisal agency in accordance with the Securities Law, and will be determined by negotiation among the parties involved in the transaction.