Core Viewpoint - Zhejiang Zhenyang Development Co., Ltd. is planning a share swap merger with Zhejiang Huhangyong Expressway Co., Ltd. through the issuance of A-shares to all shareholders of Zhenyang Development [1] Summary by Relevant Sections - The transaction involves Zhejiang Huhangyong issuing A-shares to acquire Zhenyang Development, which is classified as a major asset restructuring under regulatory guidelines [1] - According to the regulations, any asset purchases or sales within the last twelve months must be cumulatively calculated if they involve the same or related assets [1] - As of the date of this announcement, Zhenyang Development has confirmed that there have been no asset purchases or sales in the past twelve months that need to be included in the cumulative calculation for this transaction [1]