Recently, Hongtian Co., Ltd. has made public its intention to acquire a 51% controlling stake in Dongguan Suyuan Automation Equipment Co., Ltd. through a cash transaction valued at RMB 139 million. This move will transform Dongguan Suyuan into a controlled subsidiary of Hongtian, which will subsequently be included in the latter's consolidated financial statements. Hongtian Co., Ltd., a frontrunner in the domestic high-end electrolytic copper foil production equipment industry, boasts products that are extensively utilized across various high-growth sectors, including lithium-ion batteries, solid-state batteries, and photovoltaics. This acquisition aligns with Hongtian Co., Ltd.'s horizontal integration strategy, which is designed to optimize resource allocation and foster synergistic business growth by integrating new assets that, while sharing a common lineage with the core business, operate in distinct market environments. Dongguan Suyuan possesses profound expertise in the PCB manufacturing domain and demonstrates considerable synergies with Hongtian Co., Ltd. in terms of product offerings, production methodologies, customer bases, and technological R&D capabilities.