According to the Zhitong Finance APP, Zhejiang Rongtai (603119.SH) announced that in order to further extend its industrial chain layout and enhance its competitive strength, the company signed a "Letter of Intent" on June 25, 2025, with Guangdong Jinli Intelligent Transmission Technology Co., Ltd. (hereinafter referred to as "Jinli Transmission" or "Target Company") and its shareholders Lv Zhifeng and Li Dongyang, intending to acquire a portion of the shares held by the shareholders of the Target Company through a share transfer, while also increasing capital in the Target Company, thereby achieving a total holding of no less than 15% of the shares in the Target Company. Upon completion of this transaction, the company will hold no less than 15% of the shares in the Target Company, which will become an associate subsidiary of the company.

Jinli Transmission's main business includes the research, development, production, and sales of micro intelligent transmission modules, micro reduction motors, and micro motors, providing customers with integrated solutions that combine motion drive and control centered on micro transmission. Jinli Transmission has been deeply engaged in the field of micro intelligent transmission modules for over a decade, focusing on the production and research of precision components such as micro modulus gearboxes and micro motors in micro transmission systems. It has established a complete technical research and development and production system in the research and manufacturing of precision transmission components such as micro transmission modules, micro modulus gears, and micro DC motors, forming a full-chain service capability for intelligent electromechanical system solutions and becoming a solution provider with technological advantages in the industry.

The signed Letter of Intent clarifies the basic cooperation model between the two parties in the industrial field, establishing a good foundation for the signing of the final agreement. The Target Company has a high reputation and influence in the research and production of micro intelligent transmission products, possesses strong independent research and development capabilities and industry competitiveness, which will help the company quickly enter emerging fields such as intelligent transmission and humanoid robots, effectively enhancing the company's profitability, risk resistance, and sustainable development capabilities, in line with the interests of the company and all its shareholders