According to the Zhitong Finance App, Hongxin Electronics (300657.SZ) announced that the company plans to acquire 14.9691% of the shares of Jingmen Hongyi Electronic Technology Co., Ltd. (“Jingmen Hongyi”) held by Zhongjing (Jingmen) Industrial Investment Co., Ltd., with an intended price of 130 million yuan. After the transaction is completed, Jingmen Hongyi will become a wholly-owned subsidiary of the company, and this transaction will not result in a change in the scope of the company's merger.

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