Xiamen Hongxin Electronics Technology Group Inc. (300657.SZ) plans to acquire the remaining partial equity of its controlling subsidiary, Jingmen Hongyi, for 130 million yuan.

Xiamen Hongxin Electronics Technology Group Inc. (300657.SZ) announced that the company plans to acquire a 14.9691% equity interest in Jingmen Hongyi Electronic Technology Co., Ltd. ("Jingmen Hongyi") held by Zhongjing (Jingmen) Industrial Investment Co., Ltd., with an intended price of 130 million yuan. Upon completion of this transaction, Jingmen Hongyi will become a wholly-owned subsidiary of the company, and this transaction will not result in a change in the company's scope of consolidation. This acquisition is based on the company's medium- and long-term strategic development plan for its FPC business. It is conducive to strengthening the overall coordination and management of Jingmen Hongyi, improving operational decision-making efficiency, reducing management costs, and further optimizing the company's strategic layout in the FPC industry.