On November 29, Gelonghui reported that jdm jingda machine(ningbo)co. (603088.SH) announced that the company intends to acquire 100% equity of Wuxi Weiyan Co., Ltd. held by Gaosheng Investment Co., Ltd., Cai Leiming, Wuxi Weiyan and Xing Investment Partnership (limited partnership), Cao Yan, Xie Xinyuan, and Hu Guanyu by issuing shares and paying cash, while issuing shares to the company's controlling shareholder Ningbo Chengxing Holdings Co., Ltd. to raise matching funds (hereinafter referred to as "this transaction"). This transaction constitutes a related party transaction and does not constitute a restructuring listing.

On November 29, 2024, the company received the "Approval on the Merger of jdm jingda machine(ningbo)co. and Wuxi Weiyan Co., Ltd." (Yong Guo Zi Ban [2024] No. 39) issued by the State-owned Assets Supervision and Administration Commission of Ningbo Municipal People's Government, which agreed to the company's transaction plan.