Zhongke Third Ring Road announced that on August 4, the company held a board of directors to review and pass a bill to sign an agreement of intent to acquire the acquisition agreement, and signed an agreement with Ningbo China Electromagnetic Sound and Yao Gang, its controlling shareholder and actual controller, to acquire its controlling interest in cash. The target company is engaged in the rare earth permanent magnet material application device business and has a synergy effect with the company. The transaction is not expected to be related or a major asset restructuring, does not involve the issuance of shares or changes in control, and is subject to approval by the competent authorities. Currently, due diligence and audit evaluation of the transaction have not been completed. There is uncertainty, and investors are reminded to be aware of the risks.

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