On June 4, Sunlord Electronics officially announced the execution of an Investment Intention Agreement with the key shareholders of LGong Technology. Under the terms of this agreement, Sunlord Electronics intends to acquire a portion of LGong Technology's equity through a cash transaction, with the ultimate goal of attaining a controlling interest in the company. LGong Technology, an electronic component distributor, holds significant synergies with Sunlord Electronics' core business. This acquisition is poised to bolster Sunlord Electronics' industrial chain, amplify its overall competitiveness, and augment its sales volume and profitability. Specific details of the acquisition plan, including the equity ratio, transaction structure, and purchase price, will be finalized through collaborative discussions among all parties, based on the outcomes of thorough due diligence, auditing, and assessment processes. It is important to note that the transaction is currently in the planning phase, and there remains uncertainty surrounding its ultimate outcome.