Tianqin Model has made an announcement stating that the company is in the process of planning to acquire equity in Dongshi Automotive Technology Group Co., Ltd. This acquisition will be carried out through a combination of share issuance and cash payment. Additionally, the company aims to raise matching funds (Note: While "matching 资金" is translated as "matching funds" here to convey the idea of supplementary funds, in financial contexts, depending on the precise nuance, terms like "supporting funds" or "complementary funds" could also be appropriate. However, "matching funds" is a widely recognized term used to denote funds raised to complement a primary financial transaction).
This strategic move is anticipated to amount to a significant asset restructuring. As a result, trading of the company's stocks will be suspended starting from February 6, 2026. The company has set a timeline to unveil the transaction plan within a maximum of 10 trading days.
In the event that the company is unable to convene a board meeting to review and disclose the plan within the stipulated time frame, trading of the stocks will recommence on March 2, 2026. Moreover, all relevant planning activities will be brought to a halt.