Optowide Technologies (688195.SH) plans to increase its shares to acquire the controlling rights of Xunte Communications, and will be suspended from trading starting February 27th.

Optowide Technologies (688195.SH) announced that the company is planning to acquire the controlling rights of Shenzhen Xunte Communication Technology Co., Ltd. (referred to as "Xunte Communication" or the "target company") through the issuance of shares and cash payment. Due to the uncertainties of this transaction, in order to ensure fair information disclosure, protect the interests of investors, and avoid causing significant impacts on the company's stock price, in accordance with the relevant regulations of the Shanghai Stock Exchange, the company's stock (stock abbreviation: Optowide Technologies, stock code: 688195) will be suspended from trading starting from Thursday, February 27, 2025. The suspension period is expected to last no more than 5 trading days.