Zhiyuan Robotics plans to acquire at least 63.62% of the shares of Shangwei New Materials.

On July 8th, Shangwei New Materials announced that Zhiyuan Robot plans to acquire at least 63.62% of its shares. After the completion of this equity transaction, the controlling shareholder of Shangwei New Materials will change to Zhiyuan Robot and its management team holding the majority, with Deng Taihua as the actual controller and core team members including Zhihui Jun, etc. If this transaction is successfully completed, it is expected to become a landmark acquisition case of new productive forces enterprises in A-shares since the implementation of the new "Nine National Policies" and "Six M&A Policies", and also the first acquisition case of an intelligent enterprise in the Science and Technology Innovation Board.