Core Viewpoint - Weidi Co., Ltd. plans to acquire control of Jiangsu Jiuxing Precision Technology Co., Ltd. through cash payments for equity stakes, aiming for at least 51% voting rights [1] Group 1: Acquisition Details - Weidi Co., Ltd. intends to acquire 51% equity stake from Hu Tao and Wan Hongjuan, who are shareholders of Jiuxing Precision's controlling shareholder, Jiangsu Zhiyue Tiancheng Enterprise Management Co., Ltd. [1] - The acquisition will be conducted through cash payments and will not involve the issuance of new shares by Weidi Co., Ltd. [1] - The transaction is expected to be classified as a major asset restructuring under the regulations of the Management Measures for Major Asset Restructuring of Listed Companies [1] Group 2: Company Profile - Jiuxing Precision specializes in the research, production, and sales of precision metal components, with main products including embedded hinges, precision sliding rails, PCM processed parts, and aluminum alloy appearance parts [1] - The primary applications of Jiuxing Precision's products are in the mid-to-high-end home appliance sector [1] Group 3: Financial Impact - Weidi Co., Ltd. anticipates that the major asset restructuring transaction will not be completed by 2025, and Jiuxing Precision will not be included in Weidi's consolidated financial statements for that year [1] - The transaction is not expected to impact Weidi Co., Ltd.'s performance in 2025 [1] Group 4: Market Reaction - On December 8, the stock of Weidi Co., Ltd. reached the daily limit, closing at 4.95 yuan per share, with a total market capitalization of 2.763 billion yuan [1]