Anhui Tongfeng Electronics (600237.SH) plans to acquire 25% of the equity of Tunga Electronic for 32.70 million yuan.

Anhui Tongfeng Electronics (600237.SH) announced that, in order to meet the overall strategic development needs of the company, it plans to use its own funds to acquire 25.00% equity of Copper Love Electronics held by South Korean shareholder Microworks Co., Ltd. (formerly known as SK Microworks Co., Ltd., and Aisikai Future Material Co., Ltd.). After the transaction is completed, the company will hold 100.00% of the equity of Copper Love Electronics. According to the audit and evaluation results, the agreed price for this equity transfer is 32.7 million yuan. This transaction involves the company acquiring the minority equity of a subsidiary and does not involve personnel placement, land leasing, debt restructuring, etc. After the completion of this transaction, Copper Love Electronics will become a wholly-owned subsidiary of the company, which will benefit the company in strengthening its strategic planning and resource utilization for Copper Love Electronics, and improving decision-making efficiency for its subsidiaries.