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ZZ Technology (Stock Code: 603690.SH) has released an announcement concerning the abnormal fluctuations observed in its stock trading. The company is currently in the process of formulating a plan to acquire an 83.7775% equity interest in Guizhou Weiton Jinglin Electronic Materials Co., Ltd. This acquisition will be executed through a combination of share issuance and cash payment, accompanied by a concurrent effort to raise supporting funds. At present, the auditing, appraisal, and due diligence procedures pertaining to the target assets remain incomplete. Consequently, there exist uncertainties regarding the approval of this transaction, including whether it will receive the necessary green light and the precise timing of such approval. In light of these circumstances, investors are strongly advised to exercise caution and remain vigilant about potential investment risks.
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