Jiangsu Huayang Intelligent Equipment (301502.SZ) plans to acquire full ownership of Quan Anmi Ling Holding, which is mainly engaged in industrial electronic detonators and related electronic control module businesses.

Jiangsu Huayang Intelligent Equipment (301502.SZ) announced that the company is planning to acquire Guizhou Quan'an Miling Technology Co., Ltd. ("Quan'an Miling") in whole or in part by paying cash, with the target company owning at least 51% of the equity. Upon completion of the transaction, the company will gain control of Quan'an Miling. Recently, the company signed a "Letter of Intent" with the target company and its major shareholders. The announcement shows that Quan'an Miling is a high-tech enterprise specializing in the design, production, and sales of industrial electronic detonator electronic control modules with independent chip design as its core, providing products mainly including electronic detonator control modules, electronic detonator control chips, and blasting controllers to customers. Through the transaction, the listed company will acquire control of the target company, on one hand, it can expand its business territory with the target company's leading position in electronic detonator control modules, and on the other hand, it can utilize the target company's chip design and research and development capabilities to expand industrial control chip applications in the listed company's existing sectors such as household appliances and medical equipment, thus enhancing business value.