According to Zhitong Finance App, Hangxin Technology (300424.SZ) announced that on September 18, 2026, the company signed an “Share Acquisition Intent Agreement” with the shareholders of Shanghai Xinsheng Electronics Co., Ltd. Shanghai Xinxian Investment Partnership (Limited Partnership), Shanghai Xinsheng Investment Partnership (Limited Partnership), Shanghai Xinsheng Investment Partnership (Limited Partnership), and Zhang Bing (Shanghai Xinsheng Real Controller). The company plans to acquire 51% of Shanghai Xinsheng's shares through a cash purchase. After the transaction is completed, Shanghai Xinsheng will become the company's holding subsidiary.

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