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Changrun Stock: Signed a framework agreement, plans to acquire 73.48% equity of Hubei Dafeng.

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Changrun Shares announced that on June 23, 2026, the company signed the "Equity Acquisition Framework Agreement" with Hubei Zheng'ao Automotive Accessories Group Co., Ltd. and Jugang International Co., Ltd. regarding Hubei Dafeng Automotive Intelligent Control System Co., Ltd. and Dafeng Automotive Intelligent Control System (Wuhu) Co., Ltd., intending to acquire 73.48% equity of Hubei Dafeng and 71.50% equity of Wuhu Dafeng in cash. This transaction is still in the preliminary stage of intention. The due diligence, audit, and evaluation of the target companies have not yet been completed. The final transaction price will be determined by the parties through negotiation based on the evaluation results confirmed by an asset assessment report that complies with the requirements of the "Securities Law."
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