Yangzhou Seashine New Materials (300885.SZ) intends to acquire 51% equity of Shenzhen Xinwei Communication Technology Co., Ltd.

Yangzhou Seashine New Materials (300885.SZ) announced that the company has signed an "Equity Acquisition Intention Agreement" with Wu Wenping, Lu Linsheng, and two others, intending to acquire 51% equity of Shenzhen Xinwei Communication Technology Co., Ltd. (hereinafter referred to as the "target company") by way of cash payment. The target company's main business is the research, development, production, and sale of RF core components and related modules in the GNSS antenna positioning field, such as high-precision GNSS satellite positioning antennas, Beidou satellite communication antennas, etc. The products are widely used in various fields such as drones, smart lawnmowers, surveying and mapping, precision agriculture, unmanned driving, and deformation monitoring. In addition to providing products, the target company can also provide customized solutions and technical support according to the needs of different industries, meeting the application needs of customers in various complex scenarios. It is an important service provider in the industry application field.