On March 6, Weidi Share issued a progress update regarding a significant asset restructuring initiative. The company has outlined its intention to acquire a 51% stake in Jiangsu Zhiyue Tiancheng Enterprise Management Co., Ltd.—the principal shareholder of Jiangsu Jiuxing Precision Technology Co., Ltd.—via a cash transaction. Moreover, Weidi Share aims to purchase shares held by Hu Tao and other stakeholders of the target entity, ensuring that the voting rights associated with the acquired shares constitute no less than 51%, thereby securing a controlling position. As of the date of this announcement, Weidi Share and the involved parties are actively pushing forward with the restructuring process. They are coordinating with intermediary organizations to carry out thorough due diligence and are engaged in detailed discussions and negotiations concerning the specifics of the transaction and the terms of the agreement. It is important to note that no definitive transactional documents have been executed at this juncture.