Jia Nan Zhizhi responded to the listing rumor: no comment

On October 10, it was reported that the mining machine manufacturer Jia Nan Zhizhi will be listed in the US in mid-November, and plans to issue new shares of 126 million, with a valuation of 1.5 billion US dollars. In response to this matter, Babbitt officially verified with Jia Nan, and the official response stated that it would not comment. A veteran who deeply participated in the listing of Jianan Zhizhi analyzed that the external 1.5 billion valuation was inaccurate today, and the valuation of US stock listed companies was determined by the inquiry results of investment institutions. Another Jianan Zhizhi shareholder told Babbitt that Jianan Zhizhi had a good valuation and the subscription was enthusiastic.