Tongwei Group: plans to issue shares and pay cash to purchase assets and raise funds.

Tongwei Corporation announced that on March 10, 2026, the seventh meeting of the ninth board of directors of the company passed a resolution to issue shares and pay cash to purchase 100% equity of Qinghai Lihao Qingneng Co., Ltd. held by 57 shareholders including Duan Yong. The transaction price is to be determined, and the issuance price of shares is 15.20 yuan per share. At the same time, it is planned to issue shares to raise matching funds to not more than 35 specific investors, with a total amount not exceeding 100% of the purchase transaction price, and the issuance quantity not exceeding 30% of the total share capital after the purchase transaction is completed. This transaction is expected to increase the company's total assets, net assets, and revenue, and enhance its sustainable operating capabilities.