Planning to acquire the controlling stake in Xuyou Shares, Haitai Technology will suspend trading starting April 7.

Beijing Business Today News (Reporter Wang Manlei) On April 6, Haitai Ke (301022) disclosed an announcement stating that the company is planning to issue shares and pay cash to purchase assets. At the same time, it plans to issue shares to raise supporting funds. The company’s stock will be suspended from trading starting April 7.

According to the announcement, the target company of this transaction is Qingdao Xyu Domain Geotechnical Materials Co., Ltd., a company listed on the National Equities Exchange and Quotations System (NEEQ) (the securities abbreviation is “Xyu Domain Shares”). In this transaction, Haitai Ke plans to acquire Xyu Domain Shares’ controlling stake through issuing shares and paying cash, and raise supporting funds. It is expected that this transaction does not constitute a related-party transaction and does not constitute a major asset reorganization. It will not result in any change to the company’s controlling shareholder or actual controller, and it does not constitute a reorganization listing.

Haitai Ke stated that the company expects to disclose the transaction proposal within no more than 10 trading days, meaning that it will disclose the relevant information and apply for resumption of trading before April 21. If the company is unable to convene a board meeting to consider and disclose the transaction proposal within the above-mentioned period, the company’s securities will resume trading at the latest starting April 21 and terminate the related planning matters.

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