Kai Long High-tech: Termination of the issuance of shares to acquire 70% equity in Jinwangda, and a commitment not to plan any restructuring within one month.

Kai Long High-Tech announced that the company will hold the second meeting of the fifth board of directors on August 7, 2026, to review and approve the termination of the issuance of shares and cash payment for 70% equity of Shenzhen Jinwangda Electromechanical Co., Ltd., as well as the fundraising and related transactions. Due to the failure of the intermediary organization to complete the relevant procedures before August 3, 2026, the company is unable to send a notice of the shareholder meeting within six months after the announcement date of the board resolution. The company promises not to plan any major asset restructuring matters for at least one month from the date of the announcement.