Valin Cable announced that the company and Wu Genhong and Jiang Yuan signed the “Cash Acquisition Agreement between Hunan Valin Cable Co., Ltd. and Wu Genhong and Jiang Yuan on Anhui Sanzhu Intelligent Technology Co., Ltd.” and the “Hunan Valin Cable Co., Ltd. and Wu Genhong and Jiang Yuan on Issuance of Convertible Corporate Bonds to Purchase Assets” to buy 70% of the shares of Anhui Sanzhu Intelligent Technology Co., Ltd. held by the counterparty through the acquisition and issuance of convertible corporate bonds in cash. After the transaction is completed, the company will hold 70% of the shares of Anhui Sanzhu Intelligent Technology Co., Ltd. Mitake Technology owns 70% of the shares.

Valin Cable announced that the company and Wu Genhong and Jiang Yuan signed the “Cash Acquisition Agreement between Hunan Valin Cable Co., Ltd. and Wu Genhong and Jiang Yuan on Anhui Sanzhu Intelligent Technology Co., Ltd.” and the “Hunan Valin Cable Co., Ltd. and Wu Genhong and Jiang Yuan on Issuance of Convertible Corporate Bonds to Purchase Assets” to buy 70% of the shares of Anhui Sanzhu Intelligent Technology Co., Ltd. held by the counterparty through the acquisition and issuance of convertible corporate bonds in cash. After the transaction is completed, the company will hold 70% of the shares of Anhui Sanzhu Intelligent Technology Co., Ltd. Mitake Technology owns 70% of the shares.