Jiangsu Wuyang Automation Control Technology (300420.SZ) intends to acquire 9% of Shenzhen Youdian held by Weichuang Huafu

Announcement from Jiangsu Wuyang Automation Control Technology (300420.SZ): the company plans to acquire 9% equity (unpaid capital) of Shenzhen Youdian Energy Storage Technology Co., Ltd. (referred to as "Shenzhen Youdian") held by Shenzhen Weichuang Huafu Investment Enterprise (Limited Partnership) at a cost of 0 RMB. After completing the relevant business registration procedures, Jiangsu Wuyang Automation Control Technology will invest 4.5 million RMB according to the proportion of the target company's registered capital. The announcement indicates that Shenzhen Youdian is currently in the initial stage of development. As Youdian has made substantial progress in technology, products, and market, it is poised to enter a fast development track, and the introduction of influential strategic investors is particularly important. Having a listed company as a shareholder can not only enhance Youdian's brand influence and market credibility, but also help in team building and the introduction of key talents. In this transaction, other shareholders of Shenzhen Youdian have waived their right of first refusal.