Shengyang Co., Ltd. has made an announcement stating its intention to allocate RMB 74.470761 million from its own capital reserves to acquire a 51% equity stake in Shenzhen Daren Hi-Tech Electronics Co., Ltd. Upon the completion of this transaction, Daren Hi-Tech is set to become a subsidiary under the control of Shengyang Co., Ltd., and will be incorporated into the latter's consolidated financial statements. It is important to note that this deal neither qualifies as a related-party transaction nor as a significant asset restructuring, thus negating the need for approval from the shareholders' meeting. Based on the valuation, the total market value of the equity interests held by Daren Hi-Tech's shareholders as of the valuation benchmark date stands at RMB 146.0211 million. Daren Hi-Tech, recognized as a national-level high-tech enterprise and a specialized, sophisticated, and innovative 'little giant' enterprise, is primarily engaged in the research and development, design, production, and marketing of lithium battery management system (BMS) products.