Relationship between Dongguan Municipal Government and Yezheng Technology: According to the latest announcement of Yezheng Technology, Xu Dihua, the controlling shareholder and actual controller of the company, signed a cooperation intention agreement with the development and investment of listed enterprises in Dongguan. The latter intends to provide liquidity support to Xu Dihua and Ye Zheng Industry by transferring the shares of Ye Zheng Technology held by the controlling shareholder, increasing the capital of Ye Zheng Industry or transferring all or part of the equity of Ye Zheng Industry held by Xu Dihua and his concerted parties. After the completion of this transaction, the company's control rights may change.
Yezheng Technology was established on 1997 and landed in the capital market on 20 14. The company mainly provides products and services such as intelligent detection and intelligent manufacturing solutions for PCB, lithium battery and LCD panel industries. It is understood that Ye Zheng Technology was selected as the pilot enterprise of Dongguan Multiplication Plan for three consecutive years from 20 17 to 20 19.