Luozhu Co., Ltd. announced that the company plans to absorb and merge its wholly-owned subsidiary Luoyang Luozhu Precision Forging Heavy Industry Co., Ltd. to optimize the management structure, integrate resources, improve operational efficiency, and reduce management costs. After the merger is completed, the legal personality of Precision Forging Heavy Industries will be cancelled, and all of its business, assets, debts, and personnel rights and obligations will be inherited by the company, and the registered capital of the company will remain unchanged. This merger and acquisition does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review. The cancellation of Precision Forging Heavy Industries is subject to review by the industrial, commercial and tax departments, etc., and there is some uncertainty.

Luozhu Co., Ltd. announced that the company plans to absorb and merge its wholly-owned subsidiary Luoyang Luozhu Precision Forging Heavy Industry Co., Ltd. to optimize the management structure, integrate resources, improve operational efficiency, and reduce management costs. After the merger is completed, the legal personality of Precision Forging Heavy Industries will be cancelled, and all of its business, assets, debts, and personnel rights and obligations will be inherited by the company, and the registered capital of the company will remain unchanged. This merger and acquisition does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review. The cancellation of Precision Forging Heavy Industries is subject to review by the industrial, commercial and tax departments, etc., and there is some uncertainty.