Wan Tong Development: Intends to invest 854 million yuan to acquire 62.98% equity of Shudu Technology.

Wan Tong Development announced that the company plans to acquire 62.98% of Sudu Technology's equity through capital increase and equity transfer, with a total investment of 854 million yuan. After the investment is completed, Sudu Technology will become a subsidiary of the company and will be included in the consolidated financial statements. The target company is mainly engaged in high-speed interconnect chip design and development, as well as providing ASIC chip custom design services, with its core product being PCIe high-speed switch chips. As of the disclosure date of this announcement, the target company has developed PCIe switch chips that support the PCIe 5.0 protocol, and the products are currently in the customer introduction stage. This transaction will inject high-quality chip design business assets into the listed company, helping to implement the listed company's strategic transformation to digital technology business, explore new business growth points for the listed company, and ultimately enhance the development quality of the listed company.