Lingwei Technology (301373.SZ) has disclosed its intention to acquire, through a two-phase cash payment, 100% of the equity in Jiangsu Huimai Powder Technology Co., Ltd., currently owned by Chen Guangrong and Liu Ya. The focal product of the target company is nano-spherical silica micropowder, a material with extensive applications across various sectors, including electronic circuit substrates, electronic packaging, adhesive plastic particles for electronics, film fibers, polishing processes, specialized ceramics, and ink coatings. This acquisition marks a pivotal strategic step for Lingwei Technology as it seeks to penetrate the high-end electronic materials market and establish enduring competitive edges. The primary objective is to acquire the domestically rare industrialization capacity for chemically synthesized spherical silica micropowder, thus enabling the company to capitalize on opportunities in cutting-edge markets such as IC substrates and advanced packaging.