Youa Co., Ltd. announced that the company plans to issue shares and pay cash to purchase 100% of the shares of Shenzhen Shangyangtong Technology Co., Ltd. and raise supporting funds. Since the financial information in the application documents for this transaction has expired and additional relevant information needs to be submitted, the Shenzhen Stock Exchange suspended the review of the transaction. The suspension of the review did not have a substantial impact. The company and intermediaries are proceeding with the financial data update process and will apply for the resumption of the review as soon as possible. The transaction still needs to be reviewed and approved by the Shenzhen Stock Exchange and registered by the Securities Regulatory Commission. There is uncertainty about whether and when it will pass.

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