Fenglong Co., Ltd. announced that Preferred Choice signed an agreement with Chengfeng Investment and others to transfer 29.99% of the company's shares held by Chengfeng Investment and issue a partial offer to all shareholders other than the acquirer. It is scheduled to acquire 28.45 million shares, accounting for 13.02%. The proposed price is 17.72 yuan/share, and the required capital will not exceed 504 million yuan. Preferential Choice will deposit 101 million yuan of performance deposit within two days after the announcement. After the acquisition is completed, Preferential Choice holds a maximum of 43.01% of the shares. This tender offer is an active offer and is not aimed at terminating the listing. The transaction is subject to review and relevant approval by the acquirer's shareholders' meeting, and is uncertain.

Fenglong Co., Ltd. announced that Preferred Choice signed an agreement with Chengfeng Investment and others to transfer 29.99% of the company's shares held by Chengfeng Investment and issue a partial offer to all shareholders other than the acquirer. It is scheduled to acquire 28.45 million shares, accounting for 13.02%. The proposed price is 17.72 yuan/share, and the required capital will not exceed 504 million yuan. Preferential Choice will deposit 101 million yuan of performance deposit within two days after the announcement. After the acquisition is completed, Preferential Choice holds a maximum of 43.01% of the shares. This tender offer is an active offer and is not aimed at terminating the listing. The transaction is subject to review and relevant approval by the acquirer's shareholders' meeting, and is uncertain.