Core Viewpoint - The company intends to acquire at least 51% of the shares of Shanghai Mingxiao Information Technology Co., Ltd., a high-tech enterprise in the field of transportation artificial intelligence and smart vehicle networking, which is expected to enhance its business development and competitive edge in a rapidly growing industry [1][2]. Group 1: Acquisition Details - The company signed a non-binding letter of intent for a potential acquisition on August 20, 2025 [1]. - The target company operates in over 40 cities across China, including major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, as well as in international markets such as Israel and Thailand [1]. - The target company is recognized as a "little giant" high-tech enterprise and has accumulated various qualifications and honors, including national industry standards for urban rail transit and certifications from international safety standards [1]. Group 2: Strategic Implications - The board believes that the potential acquisition will allow the company to develop new business opportunities in the transportation artificial intelligence and smart vehicle networking sectors, which are experiencing rapid growth both nationally and globally [2]. - The acquisition is expected to expand the company's customer base and enhance its visibility in the market [2]. - The board is confident that if the acquisition is realized, it will strengthen the company's core competitive barriers and create strategic leverage for long-term shareholder value enhancement [2].