Wei Di shares: Planning a major asset reorganization, expecting to acquire a target company with no less than 51% voting rights.

date
06/02/2026
Weidi Co., Ltd. announced that the company plans to cash acquire 51% equity of Jiangsu Zhiyue Tiancheng Enterprise Management Co., Ltd. held by Hu Tao and Wan Hongjuan, as well as the equity of Jiangsu Jiuxing Precision Technology Co., Ltd. held by Hu Tao and others. It is expected that the voting rights corresponding to the equity of the target company will not be less than 51% to obtain control. An intention agreement was signed on December 8, 2025, and specific matters are being progressed and due diligence is being conducted as of the disclosure date of the announcement, but the parties have not signed formal documents. This transaction is still in the planning stage, and there are risks such as not passing decision approval and termination of the transaction. The company's stock is not suspended.