In order to expand the Shenzhen market. Tianyin Holdings (000829.SZ) responded to the previous letter of concern issued by the Shenzhen Stock Exchange, and clarified and responded positively to the false rumors and reports in the early market. According to the announcement, the counterparty to this transaction is Shenzhen Tianlong Mobile Technology Co., Ltd. (hereinafter referred to as "Tianlong Mobile"). The proposed acquisition scope of this transaction involves Tianlong Mobile's mobile phone sub-brand trademarks, part of R&D and supply chain assets. ; The joint acquirer of this transaction is Dongguan Financial Holding Group Co., Ltd., which is 100% owned by the State-owned Assets Supervision and Administration Commission of the Dongguan Municipal People's Government.

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1. Public information shows that Tianlong Mobile was established in 2005 and focuses on ODM manufacturing, providing customers with product design, marketing, material procurement, and manufacturing delivery. Waiting for one-stop service. It is worth mentioning that although Tianlong Mobile’s manufacturing center and R&D center are both in China, its major customers are basically overseas markets. Tianlong Mobile has formed strategic partners with local first-line brands in nearly 30 countries around the world, including South Asia, Southeast Asia, Latin America and Europe. In 2009, it successfully launched a series of powerful full-keyboard smartphones, achieving impressive sales of over one million units of a single product in just 3 months, and won the world's only "Annual Technology Innovation Award" from MTK. .

2. The proposed acquisition of Tianlong Mobile’s mobile phone sub-brand trademarks, part of R&D and supply chain assets involves new businesses, new technologies, new models and new products, which are related to the company’s existing business With strong correlation and synergy, the company plans to enhance its strategic partnership with mobile phone manufacturers through equity cooperation, leverage the respective advantages of both parties, exert synergy, contribute new growth points to the company's business growth, and promote the company's strategic transformation. It is worth noting that in recent years, with the changes in the structure of the communication industry and consumer industry, Tianyin Holdings has continuously strengthened the "one network, one platform" strategy and focused on the intelligent terminal distribution business to realize the expansion and strengthening of the company's main business. At the same time, Tianyin Holdings has been seeking new business growth points in the upstream industry chain through investment, mergers and acquisitions. Investment in mobile phone brands will help listed companies strengthen strategic partnerships with mobile phone manufacturers, thereby leveraging the respective advantages of both parties and exerting synergy. The effect provides new opportunities for the company to participate in the diversified ecological construction of upstream mobile phone manufacturers.

3. Tianyin Holdings also pointed out that at the beginning of the planning of this major event, it signed a "Confidentiality Agreement" with all parties to the transaction, and has established an insider on the matter in accordance with relevant laws and regulations. files, and gradually adjust the insider files according to the actual situation. While establishing and adjusting insider files, the company read out and emphasized the insider management system to relevant personnel, and urged relevant personnel to strictly fulfill their information confidentiality responsibilities. After verification, the company strictly complied with relevant laws and regulations before the official disclosure of relevant information. There was no leakage of inside information in advance, and there was no insider trading by relevant insiders.