Sunway Communication has declared its intention to acquire a 55% stake in Yiyang Electronic Technology, a renowned high-end MLCC (Multilayer Ceramic Chip Capacitor) company, for a cash consideration of 1.1 billion yuan. This strategic move is aimed at addressing the burgeoning global demand for premium MLCC products and fortifying its foothold in the high-end MLCC market. The acquisition will be executed through its wholly-owned subsidiary, Yiyang Sunway. Upon completion of the transaction, Yiyang Sunway's ownership in Yiyang Electronic Technology will surge to 70%, leading to its consolidation into Yiyang Sunway's financial statements. Although this deal qualifies as a related-party transaction, it does not fall under the category of a significant asset restructuring. Nonetheless, it remains subject to the approval of the shareholders' meeting.