Weifang State Investment Company and Weifang State-owned Assets Management Group have entered into an agreement for a merger and integration aimed at strategic restructuring. The objective of this restructuring is to streamline the allocation of state-owned capital, enhance resource utilization efficiency, and bolster corporate competitiveness. Notably, as a subsidiary of Weifang State Investment Company, Meichen Technology's controlling shareholder and ultimate controller remain consistent, ensuring that the company's day-to-day operations remain unaffected.