Yongli Shares has released an announcement outlining its intention to acquire a 22.75% stake in its subsidiary Youlipu from minority shareholder Shanghai Zongli. Given that Shanghai Zongli has yet to fulfill its capital contribution obligations for this equity, Yongli Shares will not make any payment for the transfer but will instead assume the responsibility of fulfilling these obligations. Currently, Yongli Shares holds a 70% stake in Youlipu, and upon completion of the acquisition, its shareholding will increase to 92.75%. Youlipu specializes in the production, processing, and sales of intelligent conveying equipment. This move aims to strengthen Yongli Shares' control over Youlipu, facilitate its future financing efforts, and expedite the company's strategic expansion in the intelligent equipment sector.