Liyang Chip announced on November 13 that it has entered into an Equity Acquisition Agreement with Zheng Hongzhang and Deng Ronghui and plans to acquire a 51% equity interest in Shenzhen Zhongwangda Optoelectronics Co., Ltd. in cash. The target company is valued at RMB 600 million on an overall basis, with the transaction consideration set at RMB 306 million. Upon completion of the transaction, Zhongwangda will become a controlled subsidiary of the company and will be consolidated into its financial statements. The performance commitment parties have undertaken that the target company's cumulative net profit from 2026 to 2028 will be no less than RMB 150 million. The transaction has been reviewed and approved by the 27th meeting of the company's fourth board of directors and remains subject to approval by the shareholders' meeting. As of the announcement date, the audit and asset valuation work related to the target assets has not yet been completed.