In a recent statement, Jiangfeng Electronic revealed its intention to acquire a controlling stake in Beijing Kaide Quartz Co., Ltd. using cash, a move aligned with its comprehensive strategic planning and anticipated future growth. Upon completion of this transaction, Jiangfeng Electronic is set to emerge as the controlling shareholder of Kaide Quartz, which in turn will become its wholly-owned subsidiary. It is important to note that this acquisition is not anticipated to be classified as a significant asset restructuring event. Presently, the specifics of the transaction are still under deliberation, and no formal agreement has been inked by the involved parties. The final details will hinge on the terms outlined in the conclusive agreement. As a precautionary measure, trading of Jiangfeng Electronic's stocks will be halted starting from the market's opening on January 30th (Friday), with the suspension period projected not to exceed five trading days.