Kailong High-tech: The issuance of shares and payment of cash to purchase assets is on track.

Kailong Technology announced that the company plans to purchase 70% of the equity of Shenzhen Jinwangda Mechanical and Electrical Co., Ltd. by issuing shares and paying cash, and to raise supporting funds. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring. The company's stock was suspended from trading on January 21, 2026, and resumed trading on February 4. As of June 5, due diligence, audits, evaluations, and other work related to the transaction are steadily progressing, and core terms are under negotiation. This transaction still requires multiple reviews, audits, and registrations, and there is uncertainty.