In response to an inquiry letter from the Shanghai Stock Exchange, Hengshang Energy said that the company plans to acquire 100% of Jinsheng Electronics' shares through the issuance of shares and cash payment for a transaction consideration of no more than RMB 600 million, but the transaction is expected to take a long time and there is great uncertainty, and the performance of the company that was bid for in the short term cannot be included in the company's consolidated statements.

In response to an inquiry letter from the Shanghai Stock Exchange, Hengshang Energy said that the company plans to acquire 100% of Jinsheng Electronics' shares through the issuance of shares and cash payment for a transaction consideration of no more than RMB 600 million, but the transaction is expected to take a long time and there is great uncertainty, and the performance of the company that was bid for in the short term cannot be included in the company's consolidated statements.