State Grid Information & Telecommunication announced that on December 9, 2024, the company reviewed and approved the proposal "Regarding the Company Signing the Share Acquisition Letter of Intent with the Controlling Shareholder" and signed the "Share Acquisition Letter of Intent" with the controlling shareholder Xinchang Group. The company intends to acquire 100% equity of Yili Technology under Xinchang Group through cash in a contractual manner, which includes 59.3% equity of Fujian Yirong Information Technology Co., Ltd. and 100% equity of Fujian Yili Electrical Utilities Technology Co., Ltd., but does not include 56% equity of Fujian Wangneng Technology Development Co., Ltd. and 57% equity of Jiangxi Sijizhiyun Digital Technology Co., Ltd. The signing of this letter is only a letter of intent, and the specific implementation will be determined by further negotiations among the parties after completing due diligence, auditing, asset evaluation, and the filing with the state-owned assets supervision and administration department. This transaction constitutes a related party transaction, but does not constitute a significant asset reorganization.
国网信通：与控股股东签署股权收购意向书
State Grid Information & Telecommunication: Signed a share acquisition letter of intent with the controlling shareholder.
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