Smart yuan robot responds to the acquisition of 63% stake in Shangwei New Materials: not for shell listing.

According to the announcement issued by Shangwei New Materials, Zhiyuan Robotics has acquired at least 63.62% of its shares. After the completion of this equity transaction, the controlling shareholder of Shangwei New Materials will be changed to the entity jointly held by Zhiyuan Robotics and its management team, with Deng Taihua becoming the actual controller and core team members including Zhihuijun. If this transaction is successfully completed, it is expected to become a landmark acquisition case of new quality productive enterprises in A shares since the implementation of the Nine Provisions and Six Mergers, and also the first acquisition case of intelligent enterprises on the Sci-Tech Innovation Board. Regarding whether this acquisition is for the purpose of preparing for a backdoor listing, Zhiyuan related personnel stated in communication with Sina Technology: "It is not for backdoor listing, we just acquired a listed company."