Gelonghui, November 25, 丨 Sanwei Xinan (688489.SH) announced that the company held the 10th meeting of the 2nd board of directors on October 30, 2024, and the 9th meeting of the 2nd board of supervisors to review and pass the “Proposal on Using Own Capital and Part of the Overraised Capital to Acquire Part of the Shares of Beijing Jiangnan Tianan Technology Co., Ltd.”, and agreed to acquire Beijing Jiangnan Tianan Technology Co., Ltd. (hereinafter referred to as “Jiangnan Tianan” or “target company”) with its own capital of 171.81792 million yuan and part of the overfunded capital of 90 million yuan ) The original shareholders Deng Dongbai and Hu Jin had a total share of 81.8181%, and the corresponding investment amount of the target company was 24.54543 million yuan.

As of November 25, 2024, the share settlement of the company involved in this transaction has been completed. The company has completed the shareholder change registration procedure with the industrial and commercial registration authority; at the same time, the company has completed the handover of management rights in Tian'an, Jiangnan. The company has dispatched directors and supervisors to Tian'an, Jiangnan, and completed the industrial and commercial filing procedures to obtain a business license. After the settlement was completed, the company held 81.8181% of Jiangnan Tianan's shares. Jiangnan Tianan became the company's holding subsidiary and was included in the scope of the consolidated statement.