Wanlong Optoelectronics announced that the company plans to issue shares and pay cash to purchase 100% of Zhejiang Central Control Information Industry Co., Ltd. and raise supporting capital. On July 13, I received an “Audit Inquiry Letter” from the Shenzhen Stock Exchange, requesting a response within 30 days. Due to the need for further implementation of some matters, it is not expected that we will be able to respond on time. We have applied to the Shenzhen Stock Exchange for an extension of no more than 30 days, and a response document will be submitted before the deadline expires. The transaction is still subject to review by the Shenzhen Stock Exchange and the approval of the Securities Regulatory Commission for registration. There is uncertainty about whether it will be approved and when.

Wanlong Optoelectronics announced that the company plans to issue shares and pay cash to purchase 100% of Zhejiang Central Control Information Industry Co., Ltd. and raise supporting capital. On July 13, I received an “Audit Inquiry Letter” from the Shenzhen Stock Exchange, requesting a response within 30 days. Due to the need for further implementation of some matters, it is not expected that we will be able to respond on time. We have applied to the Shenzhen Stock Exchange for an extension of no more than 30 days, and a response document will be submitted before the deadline expires. The transaction is still subject to review by the Shenzhen Stock Exchange and the approval of the Securities Regulatory Commission for registration. There is uncertainty about whether it will be approved and when.