Huijin Corporation: Planning to cash acquire 20% equity of Cooper New Energy, the transaction is still uncertain.

Hu Jin announced that the company is planning to purchase 20% of Cooper New Energy Co., Ltd.'s shares with cash. At the same time, its shareholder Yu Chunsheng will entrust or transfer no less than 31% voting rights, so that the company will have a voting rights proportion of not less than 51% in the target company. After the transaction is completed, Cooper New Energy will become a controlling subsidiary, which is expected to constitute a major asset restructuring. As of the disclosure date of the announcement, due diligence, audits, assessments, and other work are progressing, and parties are continuing to negotiate the transaction details, but no formal agreement has been signed yet. This transaction is still in the planning stage, and there is uncertainty, so the company's stock will not be suspended.