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Gaoleng Information: Proposed to acquire controlling stake in Kairui Star Communication Technology (Nanjing) Co., Ltd., stock suspended from trading
GaoLing Information Announcement: The company is planning to acquire control of KaiRui XingTong Information Technology (Nanjing) Co., Ltd. through issuing shares and paying cash, while also raising supporting funds. This transaction is still in the planning stage, and the valuation of the target company has not been finalized. It is expected that this transaction will constitute a major asset restructuring, but will not result in a change of the company’s actual controller, nor will it constitute a reorganization and listing. The company’s stock will be suspended from trading starting March 17, 2026, with an expected suspension period of no more than 10 trading days.