Group 1 - The company, Weizhi Holdings, announced the acquisition of Joyful Family Consultant Limited for HKD 155 million, which is expected to complement its existing LED backlighting and lighting product portfolio [1] - Joyful Family Consultant Limited holds 100% equity in Letu Optoelectronics, which owns land in Guangdong Province, China, with a total land use area of approximately 86,118 square meters [1] - The board believes that the acquisition will enhance production efficiency and provide better returns to shareholders by expanding the company's business scale and scope in LED backlighting and lighting products [1] Group 2 - The core business of the company involves manufacturing LED backlighting, lighting products, and semiconductor storage chips, necessitating scalable production capacity to meet growing market demand [2] - Acquiring the land will allow the company to establish core production facilities, reducing reliance on third-party facilities and lowering basic production and operational costs [2] - The available land use rights will provide sufficient space for the company to expand capacity in response to market trends and customer demands, addressing current capacity shortages [2]

Core Viewpoint - The acquisition of Joyful Family Consultant Limited by Weizhi Holdings is aimed at enhancing the company's existing LED backlighting and lighting product portfolio, thereby expanding its business scale and operational efficiency [1] Group 1: Acquisition Details - Weizhi Holdings announced an agreement to acquire all issued ordinary shares of Joyful Family Consultant Limited for HKD 155 million [1] - Joyful Family Consultant Limited is registered in the British Virgin Islands and primarily engaged in investment holding, currently owning all shares of Letu Optoelectronics [1] - Letu Optoelectronics holds land located in Guangdong Province, covering a total area of approximately 86,118 square meters [1] Group 2: Strategic Rationale - The board believes that the acquisition complements the group's existing LED backlighting and lighting product offerings [1] - The acquisition is expected to enhance productivity and improve operational efficiency at a lower cost, ultimately providing greater returns to shareholders [1]