Femiao Technology announced that the company held a board meeting on July 30, 2026 to review and approve the acquisition. It plans to obtain 51.1649% of Watertech's shares through the acquisition of 100% of Longlinvoge's shares and the direct acquisition of 5.2428% of Watertech's shares, with a total transaction consideration of 696 million yuan. After the transaction is completed, Watertech will be included in the scope of the company's consolidated statements. The matter still needs to be submitted to the company's shareholders' meeting for consideration.

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