Quzhou Development plans to acquire a 95.4559% stake in Pilot Electronics Technology Co., Ltd. through a combination of share issuance and other means, with the intention of raising necessary funds to support this transaction. As the auditing and evaluation processes related to this deal are still ongoing, the company has decided not to convene a general meeting of shareholders for deliberation at this stage. Trading in Quzhou Development's shares will resume on August 13, 2025.
