Longcheer Technology (603341.SH) has declared its intention to purchase an 80% equity interest in Suzhou Anreck Information Technology Co., Ltd. at a cost of 1.12 billion yuan. Upon the completion of this transaction, Anreck will transform into its majority-owned subsidiary and be consolidated into its financial statements. Anreck is a specialist in data center infrastructure products and solutions, boasting a range of core offerings such as server cabinets, PDUs, busbars, and low-voltage power distribution equipment. This strategic acquisition will facilitate Longcheer Technology's foray into the data center infrastructure sector and further diversify its business portfolio.