Guangyang Holdings (002708.SZ) plans to acquire 100% equity of Yinqiu Technology. Trading of the company's shares will be suspended starting from May 19th.

Zhtng Cijng APP News, Guangyang Shares (002708.SZ) announced that the company is planning to issue shares and pay cash to purchase assets and raise matching funds (hereinafter referred to as "this transaction"). According to relevant regulations such as the "Measures for the Administration of Major Asset Restructuring of Listed Companies", this transaction is expected to constitute a major asset restructuring, but not a restructuring for listing. The target company of this transaction is Ningbo Yinqiu Technology Co., Ltd. (hereinafter referred to as "Yinqiu Technology"), and the company plans to purchase 100% equity of Yinqiu Technology through issuing shares and paying cash, and raise matching funds.