On January 9, Weidi Shareholding released a progress update concerning a significant asset restructuring initiative. The company is actively pursuing the acquisition of a controlling interest in Jiangsu Jiuxing Precision Technology Co., Ltd. The plan involves acquiring the equity held by relevant shareholders of the target company through cash transactions, with the anticipated voting rights proportion set at no less than 51%. This strategic move is aimed at gaining control over the target company.

At present, Weidi Shareholding has signed a Letter of Intent (LOI) for the equity acquisition and is in the process of arranging for intermediary institutions to carry out comprehensive due diligence. It's important to note that the parties involved in this transaction have not yet finalized a formal agreement. The specifics of the plan are still subject to further negotiation and must undergo the necessary decision-making and approval procedures.