The State Administration for Market Regulation unconditionally approved Luxshare Precision's acquisition of a portion of Wingtech Technology's business.

On June 5, the State Administration for Market Regulation website announced the latest batch of unconditional approval of operator concentration cases, including the case of Luxshare Precision Industry Co., Ltd. acquiring part of the business of Wen Tai Technology Co., Ltd. According to the previous case disclosure, Luxshare Precision and Wen Tai Technology signed a "equity transfer agreement", and its subsidiary company signed a "equity and asset transfer agreement" with Wen Tai Technology, acquiring the relevant entities and assets engaged in OEM and ODM business of electronic products such as mobile phones, tablets, and laptops. The target business is mainly engaged in electronic product processing services. Before the transaction, Wen Tai Technology independently controlled the target business; after the transaction, Luxshare Precision will independently control the target business.