Nine Links Technology: Intends to acquire 51% equity of Nengtong Technology with cash. The transaction is still in the planning stage.

Jiulian Technology announced that it plans to acquire 51% of the equity of Nengtong Technology with cash. After the transaction is completed, it is expected to hold a controlling stake in the company, which does not constitute a related party transaction but is expected to constitute a significant asset restructuring. On April 16, 2025, the company signed a "Acquisition Framework Agreement" with Nengtong Technology and its major shareholders. Recently, the target company received approval from the relevant departments of the National Defense Science and Industry Bureau for the review of military industry matters, and they have tentatively agreed to the asset restructuring. As of the date of the announcement, due diligence has not been completed, the two parties have not reached an agreement on core matters, and further negotiations are needed in the transaction process, which poses a termination risk. The company's stock is not suspended.