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On the evening of February 27th, Shenzhen CEM Science & Technology Co., Ltd. (with the stock code 002980 on the Shenzhen Stock Exchange) made an announcement. It stated its intention to acquire a 100% stake in Shenzhen Gbit Technology Co., Ltd. through a cash transaction worth 460 million RMB. Concurrently, as a prerequisite for the completion of this acquisition, Yuan Jianmin, the controlling shareholder of CEM, has agreed to transfer 5% of the company's shares to Yu Xinwen, the founding shareholder of Gbit Technology, via a share transfer agreement. Gbit Technology is a specialized firm in the realm of optical communication module and optical chip testing. This strategic acquisition is poised to enable CEM to horizontally expand its industrial footprint and explore new avenues for performance growth.
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