Nengte Tech acquisition exemption approved by regulators

Changjiang Securities Underwriting and Sponsoring Co., Ltd. has issued a financial advisory report regarding the acquisition of Hubei Nengte Technology Co., Ltd. The acquisition stems from Nengte Tech's plan to cancel repurchased shares, reducing share capital and passively increasing the acquirer's stake above 30%. Regulators approved exemption from a full tender offer. Post-acquisition, the actual controller will not change and remain Jingzhou SASAC. Changjiang Securities confirmed no material discrepancies or misrepresentations in the acquirer's disclosures. The acquirer's financial soundness, management capabilities, and compliance were reviewed and verified. It was also confirmed that there were no legal impediments preventing the acquisition, and no additional obligations were required. No change will occur for listed companies such as the main business or senior management.