On August 20, Wantong Development made an announcement that Shudu Technology's PCIe 5.0 switching chip is poised to overcome the performance constraints in domestic AI chip interconnectivity, thereby bridging the gap with leading international products. Presently, domestic PCIe 5.0 chip manufacturers have yet to achieve mass production, but Shudu Technology's chip has advanced to the customer introduction phase, with several enterprises already initiating commercial applications. Notably, three customers have signed agreements for small-batch purchases, and nine customers have completed board production utilizing Shudu Technology's chip. Provided all progresses as planned, the chip is anticipated to commence gradual mass production by the end of 2025.

Furthermore, Wantong Development has finalized the agreements for the acquisition of Shudu Technology and has made the second installment payment for the consideration. The industrial and commercial changes pertaining to the capital increase have been completed, with other related procedures currently under process.