North Changlong announced that the company used 426 million yuan in cash to purchase 51% of Shunyi Technology's shares held by 9 counterparties including Li Yingshun. This transaction constituted a major asset restructuring. As of the date the inspection opinion was issued, 42.8510% share settlement and 8.1490% share voting rights delegation had been completed. Listed companies controlled a total of 51% of voting rights. The company has paid part of the consideration as agreed and will complete the payment. The underlying company's debts and liabilities are borne by itself, and do not involve securities issuance registration. Relevant agreements are implemented normally, and profit and loss ownership agreements, etc. must be implemented in accordance with the results of the transition audit to deal with non-compliance risks and substantial legal barriers.

North Changlong announced that the company used 426 million yuan in cash to purchase 51% of Shunyi Technology's shares held by 9 counterparties including Li Yingshun. This transaction constituted a major asset restructuring. As of the date the inspection opinion was issued, 42.8510% share settlement and 8.1490% share voting rights delegation had been completed. Listed companies controlled a total of 51% of voting rights. The company has paid part of the consideration as agreed and will complete the payment. The underlying company's debts and liabilities are borne by itself, and do not involve securities issuance registration. Relevant agreements are implemented normally, and profit and loss ownership agreements, etc. must be implemented in accordance with the results of the transition audit to deal with non-compliance risks and substantial legal barriers.