Uni-Trend Technology (688628.SH) plans to acquire 51% of the shares of XinCe Communication for no more than 86 million yuan.

Uni-Trend Technology (688628.SH) announced that the company plans to use cash to acquire a total of 26.4548 million shares of Zhejiang Xince Communication Co., Ltd. (referred to as "Xince Communication") held by five shareholders, representing 51% of the total issued shares of the target company, with a total transaction value not exceeding 86 million RMB. If the transaction is successfully completed, Xince Communication will become a subsidiary of the company and will be included in the company's consolidated financial statements. Through this acquisition, the company aims to supplement its business segments and horizontally extend its industrial layout. Xince Communication is mainly engaged in the research, development, production, and sales of products for optical network construction and maintenance, as well as electromagnetic environmental safety monitoring. Its main products include optical power meters, optical time domain reflectometers, fusion splicers, electromagnetic radiation detectors, and other testing instruments and meters, which have strong synergy effects with the company's existing professional instruments and testing instrument product lines. This acquisition will help expand the company's strategic layout in the field of testing instruments and meters, explore new downstream application scenarios, cultivate new performance growth points, further enhance the company's overall competitiveness in the industry, and promote the company's sustainable and healthy development, benefiting the fundamental interests of the company and all shareholders. Xince Communication is a high-tech enterprise and a national-level "little giant" enterprise specializing in new and special expertise. The main R&D team members of the company have many years of experience in product development for optical network construction and maintenance equipment and electromagnetic environmental safety monitoring equipment. Through this equity acquisition, both parties can complement and synergize in technical research and development, which will help enhance the company's technological innovation capabilities.