Lingyi iTech's bond and asset purchase application accepted

Lingyi iTech (SZSE:002600) announced that the Shenzhen Stock Exchange (SZSE) has accepted its application for issuing convertible corporate bonds, paying cash to acquire assets, and raising supporting funds. The funds will be used to acquire a 66.46% stake in Jiangsu Kedasiteen Automobile Technology Co., Ltd. from various shareholders. The SZSE has confirmed that the application documents are complete. The transaction is still subject to further review by the SZSE and approval from the China Securities Regulatory Commission.