Yingfangwei announced that the company plans to purchase 100% of Shanghai Shockley Information Technology Co., Ltd. and raise supporting capital by issuing shares and paying cash. The Shenzhen Stock Exchange suspended the review of the transaction because the financial information in the transaction application documents had already expired. The suspension of the review will not have a substantial impact on the transaction. The company is coordinating with intermediaries to push forward the additional audit and update the application documents, and will apply for the resumption of the review as soon as possible. The transaction still requires multiple approvals, such as approval by the Shenzhen Stock Exchange and approval of registration by the Securities Regulatory Commission, and there is uncertainty.

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