LY ITECH has declared its execution of an Equity Transfer Agreement with 11 shareholders, among whom is Zhang Qiang, with the aim of acquiring a 35% equity stake in Liminda. This acquisition will be made through a cash payment of 875 million RMB. Furthermore, by means of voting rights delegation, LY ITECH is set to secure voting rights corresponding to 17.78% of the equity in the target company. Consequently, its overall controlled voting rights in Liminda will escalate to 52.78%. Once the transaction is finalized, Liminda will be consolidated into the financial statements of LY ITECH. Liminda stands out for its profound technical proficiency and vast industry know-how in the realm of enterprise-level server thermal management. The company's core offerings include pivotal thermal management hardware products, such as quick-disconnect connectors for server liquid cooling, liquid cooling manifolds, single-phase liquid cooling heat dissipation modules, as well as busbars and server racks. It positions itself as a holistic server hardware solution provider, with a strong emphasis on thermal management products.