Yuandong Co., Ltd. announced that the subsidiary Yuandong Electric plans to use its own or self-funded cash to acquire a total of 80.00% of Fudiwangwang shares held by Huangtuwang and Li Mingxia, with a transaction amount of 216 million yuan. The transaction was reviewed and approved by the fourth meeting of the 11th board of directors of the company. There is no need to submit it to the shareholders' meeting for review. After the transaction is completed, Fu's Wangwang will be included in the scope of the company's consolidated statements.

Yuandong Co., Ltd. announced that the subsidiary Yuandong Electric plans to use its own or self-funded cash to acquire a total of 80.00% of Fudiwangwang shares held by Huangtuwang and Li Mingxia, with a transaction amount of 216 million yuan. The transaction was reviewed and approved by the fourth meeting of the 11th board of directors of the company. There is no need to submit it to the shareholders' meeting for review. After the transaction is completed, Fu's Wangwang will be included in the scope of the company's consolidated statements.