Discloses restructuring plan, Ruili Ke Mi resumes trading from March 3

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Beijing Business Daily (Reporter Ma Huanchang, Li Jiaxue) reported that on the evening of March 2, Ruili Kemi (001285) disclosed a restructuring draft, and the company’s stock will resume trading starting March 3.

The restructuring draft shows that Ruili Kemi plans to purchase a 16% stake in Wuhan Ruili Kedes Automotive Electronics Co., Ltd. (hereinafter referred to as “Wuhan Kedes”) through issuing shares. Before this transaction, Ruili Kemi already held an 84% stake in the target company and included it in the consolidated financial statements. After the transaction is completed, the company will have 100% control of the target company. The transaction price for the 16% stake in the target company is set at 16 million yuan. This transaction does not constitute a major asset reorganization but is considered an associated transaction.

It is understood that Wuhan Kedes mainly engages in the development and technical services of hardware and software for ABS, ESC, EPB, and other electronic control braking systems.

Ruili Kemi stated that this transaction will help the company deepen technological collaboration and expand market applications, further consolidating and strengthening its core competitiveness in the field of automotive active safety systems.

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