Announcement from China Fortune Financial News APP, Shenzhen Longtech Smart Control (300916.SZ) announced plans to acquire 55% equity of Shenzhen Longzhiyuan Technology Co., Ltd. ('Long Investment') in cash. After the completion of this transaction, Longzhiyuan will become a subsidiary of the company.

The announcement shows that Longzhiyuan is a company specializing in audio-video equipment and optical equipment in two major areas of smart outdoors and smart homes. Its main products include tracking cameras, rangefinders, night vision devices for smart outdoor use, as well as cameras, video doorbells, smart sensors, and switches for smart homes. Its business covers comprehensive services from ID design, software and hardware design, manufacturing, application programs to cloud platform construction, and has been rated as a national high-tech enterprise and a national specialized, special, and new 'Little Giant' enterprise. Longzhiyuan's products are mainly sold to developed countries or regions overseas in Europe and America. The target company provides ODM services to multiple outdoor professional brands and smart home brands, and has established its own brands for smart outdoor and smart home-related products, selling them through overseas e-commerce channels.

If this transaction is completed, the company will further extend downstream from the smart controller segment to the complete machine segment in the electronic information industry, expanding its smart device complete machine design, production, sales business in the smart outdoor and smart home scenarios, and enhancing its own brand operation capabilities.