Core Viewpoint - Century Hengtong plans to acquire a 13% stake in Guizhou Qiantong Zhiliang Technology Co., Ltd. for approximately RMB 112.99 million, enhancing its strategic positioning in the smart transportation sector [1][2]. Group 1: Company Overview - Guizhou Qiantong Zhiliang Technology Co., Ltd. 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 [2]. - The company has a leading position in the ETC business across the country, with a significant scale of issuance and a 30-year exclusive operating right for highway network communication systems [2]. - Qiantong Zhiliang has been recognized as a high-tech enterprise and has received various accolades, including being named a "small giant" by Guizhou Province and a benchmark enterprise by the State-owned Assets Supervision and Administration Commission [2]. Group 2: Business Operations - The company's services encompass ETC issuance and customer service, derivative businesses related to ETC, network transmission and security, digital transformation of traffic infrastructure, and smart highway construction [2]. - Qiantong Zhiliang has established an OTN (Optical Transport Network) full optical transmission network and is involved in multiple pilot projects for cloud tolling and smart highways, demonstrating its capability for nationwide service output [2].

Core Viewpoint - The company plans to acquire a 13% stake in Guizhou Qiantong Zhiliang Technology Co., Ltd. for 113 million yuan, enhancing its capabilities in the transportation big data sector [1] Group 1: Investment Details - The company intends to use its own or raised funds amounting to 113 million yuan for the acquisition [1] - The target company, Guizhou Qiantong Zhiliang Technology, is a comprehensive service provider in smart transportation, primarily focusing on the ETC industry chain and smart transportation information technology services [1] Group 2: Business Operations - Guizhou Qiantong Zhiliang Technology's main business areas include ETC issuance and customer service, derivative businesses related to ETC, network transmission and security, digital transformation of transportation infrastructure, and smart highway construction [1] - The company possesses a large-scale ETC user resource base and traffic scene data, along with mature system integration capabilities for smart highways [1] Group 3: Strategic Implications - The investment is expected to enhance the company's service capabilities in the transportation big data field, facilitating resource integration and business collaboration between the two entities [1] - This move aims to improve the competitiveness of overall solutions offered by the company [1]