Zhishang Technology announced that the company plans to use cash to obtain 5%-10% of the total share capital of Hengyang Data after issuing a capital increase. The overall valuation of the target company after 100% equity investment is 800 million yuan. The company held the 23rd meeting of the 3rd board of directors on September 4, 2026 to review and pass the relevant bill. There is no need to submit this transaction to the shareholders' meeting for review.

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