HUNAN VALIN WIRE&CABLE: Plans to acquire control of SanZhu Intelligent for no more than 270 million yuan

HUNAN VALIN WIRE&CABLE announced that the company intends to acquire control of Anhui SanZhu Intelligent Technology Co., Ltd. through cash and other means, with the total valuation of the target company's 100% equity expected to be no more than 270 million RMB. The formal documents for this transaction have not yet been officially signed, and it is currently impossible to predict the impact on the company's operating performance for the year. The impact on this year and future years' operating results will depend on the performance and implementation of the agreement