According to the Zhito Finance APP, Huayang Technology (301502.SZ) announced that the company is planning to acquire at least 51% equity of Guizhou Quanan Miling Technology Co., Ltd. ("Quanan Miling") from all or some of its shareholders through Cash. After the Trade is completed, the company will achieve control over Quanan Miling. Recently, the company signed a 'Letter of Intent for Cooperation' with the target company and its main shareholders.

The announcement shows that Quanan Miling is a high-tech enterprise engaged in the design, production, and sales of industrial electronic detonator electronic control modules, with independent chip design as its core. The products provided to customers mainly include electronic detonator control modules, electronic detonator control chips, and detonator controllers. Through the Trade, the listed company will gain control of the target company, which will allow it to expand its Business landscape by leveraging the target company's leading position in electronic detonator control modules, and utilize the target company's chip design and R&D capabilities to develop industrial control chip applications in the listed company's existing home appliance and medical instruments Business sectors, enhancing Business value.