Kale Co., Ltd.: Plans to acquire no less than 51% equity of Wetaisi Optoelectronics

Kele Co., Ltd. Announcement: The company has signed an “Acquisition Intent Agreement” with Wetaisi Optoelectronics and its controlling shareholder, Chen Huamin, proposing to increase capital injection into Wetaisi Optoelectronics and acquire some of its shareholders’ equity through cash purchase, obtaining no less than 51% of the target company’s equity. After the completion of this transaction, Wetaisi Optoelectronics will become a controlling subsidiary of the company.

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