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Kailong High-Tech: Progress in Issuing Shares to Purchase Assets; an Additional-Period Audit and Supplementary Due Diligence Will Be Conducted

K-LinePoet
Kailong High-tech announced that the company plans to purchase 70% equity of Shenzhen Jinwangda Electromechanical Co., Ltd. by issuing shares and paying cash, and to raise supporting funds. As of the date of this announcement, all work related to this transaction is progressing in an orderly manner. Since the base date (December 31, 2025) of the target company’s financial data has exceeded the six-month validity period, after negotiation and agreement among the transaction parties, the company will promptly coordinate with intermediary agencies to conduct an additional audit and supplementary due diligence on the target company, and will subsequently convene another board meeting to deliberate related matters.
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