Shenzhen Yitoa Intelligent Control (300131.SZ) plans to acquire the controlling stake of Aixie Sheng and will halt trading from November 15th.

Announcement from Shenzhen Yitoa Intelligent Control (300131.SZ): The company is planning to issue shares and pay cash to acquire the controlling rights of Shenzhen Aixiusheng Technology Co., Ltd. ("Aixiusheng") and raise supporting funds. The company is currently in discussions with the shareholders of the target company. The parties who have signed a letter of intent are Shenzhen Zhongrenhe Consultation Enterprise (Limited Partnership) and Liang Pishu (actual controller of the target company), holding 47.53% and 13.12% of Aixiusheng's shares, respectively. Furthermore, the company's stock will be suspended from trading starting from the opening of the market on November 15, 2024. The company expects to disclose the details of this transaction within a period not exceeding 10 trading days.