Luxshare Precision Industry Co., Ltd. (SZSE:002475) signed a Sale Intent Agreement to acquire the subsidiaries of Wingtech Technology Co.,Ltd (SHSE:600745) for approximately CNY 2.7 billion on December 30, 2024. A cash consideration of ¥616.05 million will be paid by Luxshare Communication (Shanghai) Co., Ltd. The transfer price is set at CNY 616,052,251.87 and will be paid in two installments. This transaction includes the acquisition of Wingtech Technology (Shenzhen) Co., Ltd., Wingtech International, Inc., Wingtech Group (Hong Kong) Limited, and Huangshi Wingtech Communications Co., Ltd. and its long-term assets and subsidiaries Jiaxing Yongrui Electronic Technology Co., Ltd., Shanghai Wingtech Information Technology Co., Ltd., Shanghai Wingtech Electronic Technology Co., Ltd., and Shenzhen Wenyao Electronic Technology Co., Ltd. In related transactions, Luxshare Precision Industry Co., Ltd. will acquire Kunming Wenyao Electronic Technology Co., Ltd. and the long-term assets related to the product integration business of Wingtech Technology (Wuxi) Co., Ltd. and Wuxi Wenxun Electronics Co., Ltd.

As of September 30, 2024, the subsidiaries of Wingtech Technology Co.,Ltd reported total assets of CNY 25.68 billion and total common equity of CNY 1.52 billion.

The transaction is subject to approval of offer by acquirer board along with subject to approval from regulators and shareholders. As of January 23, 2025, the deal has been approved by the board. As of May 16, 2025, the Company held the 13th meeting of the 6th Board of Directors and the 12th meeting of the 6th Supervisory Board, during which it reviewed and approved the proposal on the progress of acquiring equity and assets of certain subsidiaries of Wingtech Technology Co., Ltd. The Company and Luxshare Communication will respectively sign the "Supplementary Agreement to the Equity Transfer Agreement (Kunming Wenxun)" (hereinafter referred to as "OEM Supplementary Agreement") and the "Supplementary Agreement to the Equity and Asset Transfer Agreement" (hereinafter referred to as "ODM Supplementary Agreement," collectively referred to as "the Supplementary Agreements for this transaction") with Wingtech Technology. The first payment for the target equity is CNY 1,196,241,096.66, which has been fully paid by the Transferee to the Transferor. (2) On the delivery date, the Transferee shall make a one-time payment of CNY 1,472,362,254.87 to the bank account designated by the Transferor. (3) Both parties shall settle the remaining payment for the target equity, which is CNY 70 million, according to the original agreement.

Luxshare Precision Industry Co., Ltd. (SZSE:002475) completed the acquisition of subsidiaries of Wingtech Technology Co.,Ltd (SHSE:600745) on July 2, 2025. All conditions were fulfilled.