On September 5, CYT Group (Stock Code: 688143) unveiled its strategy to acquire 100% of the equity in Wuhan Shengyisheng Optoelectronics Technology Co., Ltd. This acquisition will be executed through a combination of share issuance and cash payment, with the total deal value reaching 158 million RMB. The parties involved in this transaction encompass Wuhan Chuanglian Zhiguang Technology Co., Ltd., Li Longqin, and Ningbo Chengfenghao Enterprise Management Co., Ltd. Specifically, the share-based consideration stands at 140.62 million RMB, while the cash component amounts to 17.38 million RMB. The primary objective of this acquisition is to secure the processing capabilities related to fiber-optic gyro photon chip technology, broaden the scope of the optical communication business segment, and bolster the company's overall profitability and long-term operational sustainability. Once the transaction is finalized, Shengyisheng Optoelectronics will transform into a wholly-owned subsidiary of CYT Group.