Shenzhen Genvict Technologies (002869.SZ) plans to acquire 100% equity of Chelutong to accelerate the development of related business layout.

Shenzhen Genvict Technologies (002869.SZ) announced that it plans to acquire 100% equity of Che Lu Tong Technology (Chengdu) Co., Ltd. (hereinafter referred to as "Che Lu Tong" or the "target company") with a cash payment of 74.424 million yuan. This transaction is in line with the company's development strategy, which will help accelerate the business layout and improve operational and profit capabilities. The company and the target company will leverage their respective resource advantages through technical synergy, business synergy, supply chain synergy, talent synergy, etc., in order to achieve overall synergy effects from the acquisition and enhance the core competitiveness of the company.