On November 8th, Amaton announced that it intends to acquire 100% equity of Fengyang Silicon Valley Intelligent Co., Ltd. held by Shanghai Leda and Yancheng Daling through issuing shares and paying cash, and issuing shares to no more than 35 qualified specific objects to raise matching funds. So far, the audit and evaluation related to the reorganization have not been completed. According to the preliminary calculation of the target company's financial data, the transaction is expected to constitute a major asset reorganization. Prior to this transaction, the company's main business was photovoltaic glass deep processing, not involving photovoltaic glass wafers production, and the glass wafers were mainly purchased from outside. Fengyang Silicon Valley is mainly engaged in the production, research and development and sales of glass wafers, not involving glass deep processing business, which is upstream of the company's business.

After the completion of this transaction, the company's industrial chain will be extended to the production of glass wafers, and the main business will not change significantly.