Juncheng Technology plans to acquire 75% of Xintongda's shares

Listed company Juncheng Technology plans to acquire 75% of Xintongda's shares for RMB 248 million (in cash and additional issuance). Xintongda is mainly engaged in the R&D, design, production and sales of automotive electronics, with its main products being automotive instruments. This acquisition will enable Juncheng Technology to quickly enter the automotive electronics field, expand its product matrix, and continue to develop more domestic and foreign customers.