Daming City (600094.SH) has made an announcement stating that its fully-owned subsidiary, Mingcheng Financial Holdings, is set to purchase 28,876,041 shares of Baicai Bang at a cost of 694 million yuan. This acquisition will give Mingcheng Financial Holdings a 19.4293% stake in Baicai Bang's total share capital. Baicai Bang stands out as a high-tech enterprise that has carved a niche for itself in the realm of 4G/5G/6G communication solutions. It caters to both domestic and international operators, enterprise private networks, and vertical industry clients by offering commercial solutions that facilitate seamless interconnection across a wide range of application scenarios. Furthermore, Baicai Bang is actively involved in the deployment of 6G and satellite internet technologies within the low-altitude economy and commercial aerospace sectors. Its product portfolio includes low-orbit satellite communications, unmanned aerial vehicle (UAV) base station payloads, satellite ground equipment, and self-developed 5G NTN satellite baseband chips.