CGEE plans to acquire control of Zhuan Intelligent, transaction progress and risk disclosure

In 2025, Nanjing CGEE Equipment Co., Ltd. plans to issue shares and pay cash to acquire control of Beijing Weizhun Intelligent Technology Co., Ltd. and raise supporting funds, which is expected to constitute a related party transaction but does not constitute a major asset reorganization or reorganization listing. On August 26, the company's stock was suspended, and on September 8, the 14th meeting of the second board of directors reviewed and approved the relevant proposals, with the stock resuming trading on September 9. As of the announcement date on October 9, the due diligence, auditing, and evaluation related to the transaction are progressing in an orderly manner. However, this transaction still requires multiple approvals, and there is uncertainty regarding whether it can be approved and the time it will take to obtain approval. The company will disclose progress in a timely manner in accordance with regulations and remind investors to pay attention to risks