Ruicheng Intelligent: Plans to sell a 23.27% equity stake in Wuluo Smart to Xiangshan Co.

Ruisheng Intelligent announced that the company plans to sign a "Framework Agreement for the Acquisition of Assets through Share Issuance and Cash Payment" with Guangdong Xiangshan Weighing Apparatus Group Co., Ltd., to sell its 23.27% equity stake in Zhejiang Wuluo Smart City Technology Co., Ltd. for cash, with a provisional transaction price of RMB 186 million; the final price is subject to confirmation after audit and evaluation are completed. This transaction still needs to be submitted to the shareholders' meeting for deliberation, and the board of directors requests the shareholders' meeting to authorize the board of directors to handle subsequent related matters.