Jiangfeng Electronics: Intends to acquire 15.64% of Kaidi Quartz's shares for 448 million yuan, with the stock resuming trading on February 6th.

Jiangfeng Electronics announced that the company plans to acquire the controlling stake of Kaida Quartz with cash. On February 5th, the company and its affiliates signed an agreement with the actual controller of Kaida Quartz. The company plans to acquire 11.7271 million shares of Kaida Quartz for 448 million yuan, accounting for 15.6424% of the total share capital; the affiliate plans to acquire 3.7485 million shares for 143 million yuan, accounting for 5%. After the transaction is completed, the company will become the controlling shareholder. The company's stock will resume trading on February 6th, 2026. This acquisition still needs to be reviewed by the shareholders' meeting, so there is uncertainty.