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On January 22, Lingdian Electronic Control revealed its intention to acquire a controlling stake of 51% to 100% in Jiangsu Aox Automotive Electronics Technology Co., Ltd. through a combination of share issuance and cash payments. In compliance with the Shanghai Stock Exchange's regulations, the company's shares have been suspended since January 16, 2025, with an initial anticipation of a suspension period not exceeding 5 trading days. As all parties involved are actively progressing with the transaction, the company confirmed that trading will not resume on January 23. Consequently, upon submitting the necessary application, the suspension of the company's shares will be extended from January 23, with an expected duration of no more than an additional 5 trading days.
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