Zhijing Finance APP News, Jiangsu Tongguang Electronic Wire&Cable (300265.SZ) announced that the company signed the 'Equity Transfer Agreement of Deru Cable (Shanghai) Co., Ltd.' with Chen Anyuan in Haimen District, Nantong City, Jiangsu Province, to strengthen the control over Deru Cable (Shanghai) Co., Ltd. (referred to as 'Deru Cable'). The company plans to purchase 13.05% of Deru Cable's equity held by Chen Anyuan with its own funds of 22.446 million yuan. The company originally held 56.51% of Deru Cable's equity. After this equity acquisition is completed, the company will directly hold 69.56% of Deru Cable's equity. It is reported that this acquisition is beneficial for further integrating internal resources of the company, strengthening control over Deru Cable, and improving the overall operational decision-making efficiency of the company.