Juncheng Technology announced that the company plans to acquire 50% of Jiangsu Xintongda Electronic Technology Co., Ltd. shares in cash. The transaction constitutes a related transaction and is expected to constitute a major asset restructuring. After the transaction is completed, Jiangsu Xintongda will become the company's holding subsidiary. Currently, the company is organizing intermediaries to carry out due diligence, audit, evaluation, etc., and continues to communicate with relevant parties. No formal transaction documents have been signed.

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