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Daimay Automotive Interiors has declared that it has entered into a letter of intent concerning equity transfer with Zhang Qing and Yuan Shubin, with the aim of purchasing, in cash, the entire equity stake in Rongming Automotive Technology (Shanghai) Co., Ltd. Rongming Automotive Technology stands out as a high-tech enterprise, focusing on the production of automotive surface decorative parts and functional components. Should the transaction proceed without a hitch, it will significantly broaden Daimay Automotive Interiors' portfolio of automotive interior products, thereby bolstering its overall competitiveness and profitability. However, it's important to note that the transaction plan is still in the negotiation phase and remains subject to various uncertainties.
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