Wuxi Zhenhua: Planning to acquire controlling stake in Deweijia Automotive Electronic Systems (Wuxi) Co., Ltd.

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Mars Finance News April 24 – Wuxi Zhenhua announced that to further extend the industrial chain layout and enhance the company’s competitive strength, the company and shareholders Miao Weihan, Yao Xiang, Zhejiang Zhucheng Technology Co., Ltd., and Wang Yan signed a letter of intent with Deweijia Automotive Electronic Systems (Wuxi) Co., Ltd. The company plans to acquire controlling interest in Deweijia using its own or raised funds in cash. The specific acquisition ratio is subject to further discussion and negotiation. This transaction does not constitute an related-party transaction, nor does it constitute a major asset restructuring as defined by the “Administrative Measures for Major Asset Restructuring of Listed Companies.” According to the “Shanghai Stock Exchange Stock Listing Rules” and relevant regulations such as the “Articles of Association,” this transaction falls within the authority of the Board of Directors and does not require approval from the company’s shareholders’ meeting.

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