CGEE plans to acquire control of Beijing Weizhun Intelligent Technology Co., Ltd. Stock resumption

According to the Zhitong Finance APP, CGEE (688478.SH) announced that the company plans to acquire all shares of Beijing Weizhun Intelligent Technology Co., Ltd. (referred to as: Weizhun Intelligent) held by 10 trading parties, including Ben Shang Technology, through the issuance of shares and cash payment, and gain control of Weizhun Intelligent, while raising matching funds. The company's stock will resume trading on September 9, 2025 (Tuesday) at the market opening. The target company focuses on the research, development, production, and sales of testing equipment in the wireless communication field, and is a supplier of testing solutions primarily based on two major products: wireless signal comprehensive testers and high-precision direct flow control power supplies, mainly used for testing wireless communication products. Both the listed company and the target company conduct their main businesses around the semiconductor industry chain. Through this transaction, the listed company can extend its industry chain from the upstream "starting point" to specific end product application areas, achieving vertical integration of the industry chain. Through this transaction, the listed company further enriches its product structure and technical accumulation in terms of business. Additionally, since there is some overlap in clients between the two parties, this transaction can assist the listed company in further strengthening market development, consolidating cooperation with existing clients, and attracting new clients, empowering each other in market development, research and development layout, internal management, and continuously enhancing the competitiveness of the listed company to achieve mutual benefits and a win-win situation. After the completion of this transaction, the listed company and the target company will undergo deep integration and collaboration, and the target assets will be included in the consolidated scope of the listed company, boosting the financial performance of the listed company