According to Zhitong Finance App, different groups (06090) issued an announcement. On October 30, 2026 (after the transaction period), the company and an independent third party (the seller, which is the controlling shareholder of the target company) entered into a non-binding memorandum of understanding on the proposed acquisition of approximately 51% of Huizhou Longde Technology Co., Ltd. (target company, a company founded in China mainly engaged in R&D, production and sales of micro motors). Under the terms of the MOU, the company is entitled to conduct due diligence with the seller's full cooperation, and the seller has granted the company an exclusive period of four months from the date of the MOU.

The proposed acquisition of the target company is an important step for the Group to implement the strategy of extending the industrial chain upward and upgrading technological products. The target company has a mature R&D, manufacturing and customer verification foundation in the field of microdrive motors, and has a complete motor and drive control technology system. After the proposed acquisition is completed (if implemented), the Group can achieve autonomous control of core motor components, optimize supply chain risks, accelerate the development and implementation of intelligent childcare and home technology products, and consolidate competitive advantages in the high-end market, which is beneficial to the Group's long-term development and shareholders' interests.

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.