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On April 19, Tianmai Technology made an announcement revealing its intention to acquire 100% of the equity in Shanghai Finn-Automation Technology Co., Ltd. The acquisition will be executed through a combination of share issuance and cash payment, accompanied by the raising of matching funds. This strategic move is anticipated to constitute a significant asset restructuring and involve a related-party transaction. In light of the uncertainties associated with the matter and to safeguard the rights and interests of investors, the company has decided to suspend trading of its shares starting from the market opening on April 20. It is projected that the detailed transaction plan will be unveiled within a maximum of 10 trading days, that is, prior to May 7.
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