Wantong Development has unveiled its strategy to invest RMB 854 million through a combination of capital increase and equity transfer to secure a 62.98% shareholding in Shudu Technology. Upon the successful completion of this transaction, Shudu Technology will transition into a fully-owned subsidiary under Wantong Development's umbrella. Shudu Technology, a pioneer in the design and R&D of high-speed interconnect chips, also offers bespoke ASIC chip design services. Notably, the company has already achieved a breakthrough with the development of PCIe switch chips compliant with the PCIe 5.0 protocol and is currently in the process of onboarding clients. This strategic move will not only infuse Wantong Development with premium chip design assets but also propel the company towards digital technology ventures, uncover new avenues for business growth, and elevate its overall developmental prowess.