JAWA and its affiliated companies intend to purchase a 40.89% equity interest in Nanjing Tianyi Hexin Electronics Co., Ltd. for a sum of RMB 319 million, resulting in an effective holding of 41.31%. Upon the successful completion of this transaction, Tianyi Hexin will become a controlled subsidiary of JAWA and will be integrated into its consolidated financial statements. JAWA will appoint three directors to Tianyi Hexin's board, representing three-fifths of the total board seats, ensuring significant influence. Additionally, shareholders from both parties will continue to collaborate closely.
