Yingxin Development revealed in an announcement that it has entered into an Equity Acquisition Intent Agreement with Guangdong Changxing Information Management Consulting Co., Ltd. and Zhang Zhiqiang. The plan is to acquire, through a cash payment, a combined 81.8091% equity stake in Guangdong Changxing Semiconductor Technology Co., Ltd. currently held by these two entities. Once the deal is finalized, Yingxin Development is projected to assume the role of the controlling shareholder of Changxing Semiconductor. This acquisition is not expected to trigger a major asset restructuring or lead to a shift in the company's control structure. The primary objective behind this transaction is to bolster the company's overall capabilities and competitive edge, paving the way for its expansion into the high-tech industry. Nonetheless, it's crucial to acknowledge that the transaction is fraught with uncertainties and could be called off in response to fluctuations in the external business environment.