Changchuan Technology: Intends to acquire 27.7778% equity of Changchuan Manufacturing for CNY 357 million

Jinshi data news on October 11th, Changchuan Technology announced that the company plans to acquire 2.5 billion yuan equity of Changchuan Manufacturing held by Hangzhou Tianyu Silicon Valley Hangshi Equity Investment Partnership Enterprise, a shareholder of Changchuan Manufacturing, through its own funds and bank loans. The transaction price is 357 million yuan. After the completion of this transaction, the company will hold 600 million yuan equity of Changchuan Manufacturing. This transaction constitutes a related party transaction, which still needs to be approved by the shareholders' meeting before it can be implemented.