On June 11, Blue Arrow Electronics disclosed that it had entered into a definitive agreement with certain shareholders of Chengdu Xinyi Technology Co., Ltd., notably Hong Fengming and Hong Fengjun, back on January 12, 2026. Presently, the audit and valuation procedures for the target company have been successfully concluded. Blue Arrow Electronics intends to allocate RMB 336 million from its internal resources and/or self-raised funds to acquire a 60% controlling stake in Chengdu Xinyi. Upon completion of the transaction, Chengdu Xinyi will be transformed into a wholly-owned subsidiary of Blue Arrow Electronics and will be consolidated into its financial statements. This acquisition has already received the green light from the 15th session of the fifth board of directors at Blue Arrow Electronics, although it still requires ratification by the shareholders' meeting. The parties responsible for the performance commitment have pledged that the target company's net profit will reach no less than RMB 33 million in 2026, RMB 40 million in 2027, and RMB 47 million in 2028, culminating in a cumulative net profit of at least RMB 120 million over the three-year period.