Zhongtung High-tech: Intends to issuance shares and pay cash to purchase assets

On November 7th, Jinshi Data reported that Zhongtung High-Tech announced that the 7th independent director special meeting of the 10th Board of Directors of the company passed the proposal to purchase 100% equity of Hunan Shizhuyuan Nonferrous Metal Co., Ltd. and raise supporting funds through the issuance of shares and payment of cash. The meeting also reviewed and approved the supplementary protocol signed by the company and the counterparty, the adjustment of the transaction plan, and the confirmation that the adjustment of the plan does not constitute a major adjustment, all of which need to be submitted to the company’s board of directors for review. The independent directors believe that the transaction plan is reasonable, complies with relevant laws and regulations, and safeguards the legitimate rights and interests of shareholders.