Yingtang Zhikong Clarification: Currently Advancing the Acquisition Process

Source: China Securities Journal Taurus

On the afternoon of March 25, the stock price of YingTang Smart Control plunged sharply, closing down 16.72%. That evening, YingTang Smart Control disclosed a clarification announcement regarding rumors of false information in the market, stating that the company has noticed that a large amount of false information about the company has been posted on online platforms such as Eastmoney’s stock bar and stock forums, drawing high market attention. In view of the possibility that the relevant information may mislead investors and affect the normal order of the market, and with a stance of being responsible to the general investors, the company hereby clarifies the relevant situation.

According to the announcement, as of the date of disclosure, regarding the progress of the M&A project, the company has already deliberated and approved proposals including the “Proposal on the Company’s Issuance of Shares and Payment of Cash to Purchase Assets and Raising Supporting Funds in a Related-Party Transaction, and Specific Plan,” etc., and plans to acquire 100% of the equity of Guilin Guanglong Integration Technology Co., Ltd. and 100% of the equity of Shanghai AoJian Microelectronic Technology Co., Ltd. in a single transaction. The company is advancing the acquisition in accordance with relevant laws and regulations and the transaction plan; after the relevant work is completed, the board of directors will, at a suitable time, issue a separate notice convening a shareholders’ meeting.

The company does not have any material matters that should be disclosed or that have not been disclosed. The company, the controlling shareholder, and the actual controller do not have any material matters concerning the company that should be disclosed but have not been disclosed, nor do they have any material matters at the planning stage. At present, the company’s production and operations are all normal, the actual controller is performing their duties in a normal manner, and there is also no need to correct or supplement previously disclosed information.

The company disclosed the “2025 Annual Performance Forecast” on January 29, 2026. The data related to this performance forecast is the result of the company’s preliminary estimates, and has not been audited by an accounting firm. However, the company has conducted advance communication with the accounting firm that audits the annual report regarding matters related to the performance forecast, and there is no disagreement between the company and the accounting firm on the performance forecast for this reporting period.

In the past 6 months, the company, the controlling shareholder and the actual controller, as well as the directors and senior management personnel, have also not engaged in any buying or selling of the company’s stock.

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