Yutong Technology: Intends to acquire 51% of Huayen Technology's shares for 449 million yuan.

Yutong Technology announced that the company plans to acquire 51% of the shares of Huayan Technology held by Viewpoint Investment through its own funds or self-raised funds, with a transaction amount of 449 million yuan. This transaction constitutes a related party transaction. The actual controller of the company, Wang Huajun and Wu Lanlan, together hold 100% of the equity of Viewpoint Investment. After the transaction is completed, Huayan Technology will become a wholly-owned subsidiary of the company and will be included in the company's consolidated financial statements. Dongguan Huayan New Materials Technology Co., Ltd. was established in 2016, dedicated to providing customers with a one-stop solution for precision metal and ceramic components, integrating design, research and development, manufacturing, and assembly. It is a specialized and innovative national "little giant" high-tech enterprise.