This announcement is a separate document:
兴民智通：中泰证券股份有限公司关于兴民智通（集团）股份有限公司管理层收购之独立财务顾问报告
Xingmin Zhitong: Independent Financial Advisory Report of Zhongtai Securities Co., Ltd. on the management takeover of Xingmin Zhitong (Group) Co., Ltd.
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