Juncheng Technology announced that the company is planning to purchase 50% of the shares of Jiangsu Xintongda Electronic Technology Co., Ltd. in cash. Before the transaction, the company already held 40% of the shares in the target company. After the transaction is completed, Jiangsu Xintongda will become the company's holding subsidiary. The transaction constitutes a related transaction and is expected to constitute a major asset restructuring. It does not involve issuing shares, and will not cause changes in the company's controlling shareholders and actual controllers. As of the disclosure date of this announcement, the relevant due diligence, audit, evaluation, etc. have not been finalized, the parties involved in the transaction have not signed formal transaction documents, and there is still uncertainty about this restructuring.

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