Fuchuang Precision announced that the company plans to acquire 65% of the shares of Riyang Electronic Technology Co., Ltd. held by Riyang Technology International Co., Ltd. in cash. As of December 31, 2025, the target company's approved net assets were $129.026,800, and the total share price of the target company was negotiated at $290 million. The consideration for this transaction was $189 million, and the funding source was own funds and/or bank loans. After the transaction is completed, Shanghai Riyang will become a holding subsidiary of the company and will be included in the scope of the consolidated statement. This transaction does not constitute a major asset restructuring or related transaction. The relevant bill will be submitted to the 3rd Extraordinary Shareholders' Meeting in 2026 for consideration.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.