Moso Power Power Board's proposal to purchase assets through the issuance of shares

Moso Power (002660) released the announcement of the resolution of the 9th Extraordinary Meeting of the 3rd Board of Directors on the evening of the 16th. The board of directors passed a resolution on planning the issuance of shares to purchase assets.

The board of directors of Maoshuo Power agreed to the company's plan to issue shares to purchase assets. According to the relevant regulations of the regulatory authorities, during the suspension period, the company hired an intermediary to conduct due diligence, audit and evaluation of the relevant underlying assets. After the specific plan and other details were determined, The board of directors meeting was again held to consider the relevant proposals for the issue of assets for the issuance of shares. During the suspension of the company's stock, the company will announce the progress of related matters at least every five trading days in accordance with relevant regulations.

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