Group 1 - Hongxin Jianda (09930.HK) has signed a share acquisition agreement to acquire 80% of TH Tong Heng Machinery, the largest comprehensive equipment leasing company in Malaysia, with plans for full integration of operations [1] - The remaining 20% of shares will be priced based on future long-term operating performance [1] - Hongxin Jianda's overseas business revenue for Q1 2025 has significantly increased compared to the same period last year, now accounting for over 15% of total revenue [1] Group 2 - The acquisition is part of a strategic move to enhance Hongxin Jianda's market share and competitiveness in Malaysia, emphasizing the integration of "Chinese manufacturing + Chinese services" [2] - The CEO of Hongxin Jianda highlighted that this acquisition is a key step in the company's international strategy, aimed at deepening product categories and customer base [2]