Core Viewpoint - Pengding Holdings plans to acquire a 53.68% stake in Wuxi Huayang Technology through a cash transaction, enhancing its capabilities in automotive electronics and solidifying its position as a global leader in PCB manufacturing [1][2]. Group 1: Acquisition Details - The acquisition will be conducted for a cash payment of approximately RMB 356.72 million [2]. - Following the acquisition, Huayang Technology will become a subsidiary of Pengding Holdings, with the existing team retained and resources integrated to improve operational efficiency [2]. Group 2: Company Background - Huayang Technology, established in 2002, specializes in the production of automotive modules and has developed a range of smart sensors, covering various types such as pressure, torque, displacement, angle, and temperature and humidity [1]. - The company has mastered key core technologies across the entire industry chain, from materials to chips to sensors, and has successfully achieved domestic substitution in multiple sectors including automotive, robotics, industrial control, and medical [1]. Group 3: Strategic Importance - The acquisition is expected to significantly extend Pengding Holdings' strength in the automotive electronics sector and is seen as a critical step towards advancing into the next generation of intelligent driving and broader smart application ecosystems [2]. - The integration of Huayang Technology's capabilities will enhance Pengding Holdings' ability in advanced PCB processes and system integration, laying a solid foundation for future smart applications [2]. Group 4: Financial Performance - In the first three quarters of 2015, Pengding Holdings reported a revenue of RMB 28.655 billion, representing a year-on-year growth of 14.34%, and a net profit attributable to shareholders of RMB 2.408 billion, with a year-on-year increase of 21.95% [3].