Group 1 - The company, Wuhu Berteli Automotive Safety Systems Co., Ltd., has announced the acquisition of a controlling stake in Yubei Steering System (Xinxiang) Co., Ltd., acquiring a total of 50.9727% of shares from various stakeholders [3][8][12] - The acquisition will make Berteli the controlling shareholder of Yubei Steering, which will be included in Berteli's consolidated financial statements after the acquisition is completed [3][8][16] - The board meeting that approved the acquisition was held on February 24, 2026, with all 9 attending directors voting in favor [2][4][9] Group 2 - The acquisition does not constitute a major asset restructuring or related party transaction as defined by relevant regulations [17][41] - The transaction is subject to approval from antitrust authorities and other relevant government agencies [10][18] - The estimated valuation of Yubei Steering is capped at 2.2 billion yuan, with adjustments based on the company's audited net assets as of the end of 2025 [24][28] Group 3 - The acquisition is expected to enhance Berteli's product line in automotive safety systems and improve its competitive advantage in the market [42][43] - Yubei Steering specializes in the research, development, production, and sales of automotive steering systems and key components, which aligns with Berteli's strategic goals [19][42] - The acquisition is financed through the company's own funds, ensuring that daily operations and business development are not adversely affected [40]