Kailong High-Tech (300912.SZ) has unveiled its strategic move to acquire a 70% equity interest in Jinwangda, currently owned by Xu Zhaowang and Anyi Pioneer. This acquisition will be executed through a combination of share issuance and cash payment. Furthermore, the company plans to issue additional shares to its de facto controller, Zang Zhicheng, to secure supplementary capital. Once the transaction is finalized, Jinwangda will emerge as a wholly-controlled subsidiary of Kailong High-Tech. Consequently, the company's stock trading is scheduled to resume on February 4. Jinwangda is a specialist in the research, development, and manufacturing of precision transmission functional components. Its products find extensive applications in industrial automation across various sectors, supporting a host of renowned enterprises. Moreover, these components are integral to the production lines of international high-end manufacturers.