Shenzhen EXC-LED Technology (300889.SZ) plans to acquire a 64.87% stake in Wuxi Shuguang for 247 million yuan to seek new growth opportunities.

Shenzhen EXC-LED Technology (300889.SZ) announced that the company plans to sign a "equity acquisition agreement" with two shareholders, Cao Yishu and Cao Shufeng, intending to purchase 64.87% equity of Wuxi Shuguang Precision Industrial Co., Ltd. (referred to as "Wuxi Shuguang") held by the other party for 247 million yuan in cash. After the completion of the transaction, Wuxi Shuguang will become a subsidiary of the company and will be included in the company's consolidated financial statements. The announcement stated that the signing of the "equity acquisition agreement" is beneficial for helping the company further deepen its strategic layout in the new energy vehicle supporting industry, finding new growth prospects, and promoting the company's sustainable development through the integration of resources and synergies between the two parties.