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RuiNeng Technology: Plans to acquire up to 75% of Botai Intelligent's equity. Stock trading halted.
RuiNeng Technology announcement: The company is planning to acquire control of Botai Intelligent Equipment (Guangdong) Co., Ltd. through a combination of issuing A-share stock and paying cash, and to raise supporting funds. This transaction is expected not to constitute a major asset reorganization as defined in the Administrative Measures for Major Asset Reorganization of Listed Companies, and will not result in any change in the company’s control. The audit and appraisal of the target company have not yet been determined, and the transaction valuation has not yet been determined. The company’s A-share stock will be suspended from trading at the opening of the market on March 26, 2026, and the expected suspension period will not exceed 10 trading days.