Core Viewpoint - The company Century Hengtong plans to acquire a 13% stake in Qiantong Zhiliang Technology Co., Ltd. for 113 million yuan, aiming to strengthen its strategic layout in industrial data services [1]. Group 1: Acquisition Details - The acquisition involves purchasing the stake from ICBC Investment, with the transaction valued at 113 million yuan [1]. - Following the completion of the transaction, Qiantong Zhiliang will become an associate company of Century Hengtong [1]. Group 2: Company Profile - Qiantong Zhiliang is a comprehensive service provider in smart transportation, primarily focusing on the ETC (Electronic Toll Collection) industry chain services and smart transportation information technology services [1]. - The company is controlled by Guizhou Highway Group, indicating a strong backing in the transportation sector [1].

Core Viewpoint - Century Hengtong (301428.SZ) plans to acquire a 13% stake in Guizhou Qiantong Zhilian Technology Co., Ltd. for 113 million yuan, enhancing its capabilities in the transportation big data sector [1] Group 1: Company Overview - Guizhou Qiantong Zhilian Technology Co., Ltd. is a smart transportation comprehensive service provider controlled by Guizhou Expressway Group, focusing on the ETC industry chain services and smart transportation information technology services [1] - The company's main business includes ETC issuance and customer service, ETC derivative businesses, network transmission and security, digital transformation of traffic infrastructure, and smart highway construction [1] Group 2: Strategic Implications - The acquisition will help the company strengthen its service capabilities in the transportation big data field, facilitating resource integration and business collaboration between the two entities [1] - Century Hengtong aims to enhance the competitiveness of its overall solutions through this investment [1]