Nanjing Public Utilities: Intends to purchase 68% equity of Yugu Technology and resume trading of stocks

Jinshi data January 10th news, Nanjing Public Notice, the company plans to purchase a total of 20.4 million shares of Yugu Technology held by 22 counterparties including Liu Aiming (accounting for 68% of the total share capital of Yugu Technology) through issuance of shares and cash payment method and raise supporting funds. On January 9, 2025, the company signed a framework protocol with the counterparty for this transaction, which will take effect subject to conditions. This transaction is expected to constitute a related party transaction and is not expected to constitute a major asset reorganization. The company's stock will resume trading from the morning of January 13, 2025.