Sichuan 6912 Communication Technology is planning to acquire at least 51% of the equity stake in Jingrong Lianchuang.

Sichuan 6912 Communication Technology (301592.SZ) announced that the company plans to acquire at least 51% of the equity of Chengdu Jingrong Lianchuang Technology Co., Ltd (hereinafter referred to as "Jingrong Lianchuang" or the "target company") in cash and achieve controlling stake in the target company. The target company is mainly engaged in the design, research and development, production, and sales of domestic basic software and hardware products, and possesses core networking technologies such as overall system, operating system standards, communication systems, and satellite design networking. This transaction will promote deep integration between the company and the target company in terms of products, technology, and market, fully leverage industrial synergies and lay a solid foundation for the company's future leapfrog development in the industry chain.