Dongguan Hengyue Industrial Co Ltd agreed to acquire Dongguan Yingtong Wire Ltd. from YingTong Telecommunication Co.,Ltd. (SZSE:002861) for approximately CNY 110 million on March 15, 2024. Transaction is subject to to the formally signed equity transfer agreement. As of April 26, 2024, the transaction has been approved by board of YingTong Telecommunication and needs to be submitted to the shareholders' meeting for review.