China Science and Technology Third Ring (000970.SZ): Planning to acquire a controlling stake in the rare earth permanent magnet materials company China Electric Magnetic Sound.

Zhitong Finance APP News, China Science and Technology Three Rings (000970.SZ) announced that the company is planning to acquire a controlling stake in Ningbo Zhongdian Magnetic Acoustics Co., Ltd. (referred to as "Zhongdian Magnetic Acoustics") in cash. The target company specializes in the R&D, production, and sales of rare earth permanent magnet material application devices, focusing on the development of technology for the terminal applications of magnetic devices. Its products are primarily used in fields such as consumer electronics, automobiles, and industrial motors.