Huijin Co., Ltd. announced that the company is planning to purchase 20% of Cooper New Energy's shares in cash. Yu Chunsheng's shareholders entrust or transfer no less than 31% of the voting rights, so that the company's voting rights ratio is not less than 51%. After the transaction is completed, Cooper New Energy will become a holding subsidiary. The transaction is expected to constitute a major asset restructuring and does not involve the issuance of shares, related transactions or changes in control. As of the date of disclosure of the announcement, due diligence and other work was in progress. The parties had not reached agreement or signed a formal agreement on the core of the transaction plan. The deal was still in the planning stage, and there is uncertainty.

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