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Andly has declared that it has entered into a definitive agreement with the shareholders of Ningbo Yongqiang Technology Co., Ltd. The company aims to purchase a significant equity stake in Yongqiang Technology, utilizing either its internal resources or funds raised externally, with the ultimate goal of attaining a controlling interest. The preliminary estimate for the total transaction value stands between 600 million and 800 million yuan, with the exact figure to be finalized following a comprehensive evaluation. Ningbo Yongqiang Technology, a specialist in integrated circuit electronic information interconnection materials, recorded a revenue of 224 million yuan in 2025, albeit with a reported net loss of 67 million yuan. Presently, the transaction is undergoing due diligence, and its final outcome remains subject to uncertainty.
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