Chongqing Zaisheng Technology (603601.SH) intends to acquire control of Micron Control to expand its industry chain.

Chongqing Zaisheng Technology (603601.SH) announced that the company plans to use its own funds to acquire a 49% stake in Sichuan Maikelong Vacuum New Materials Co., Ltd. (referred to as "Maikelong") held by Maikelong's controlling shareholder and actual controller, Mr. Yang Xingzhi, for a transaction price of 231 million RMB. At the same time, Mr. Yang Xingzhi will entrust the company with the shareholder rights (excluding dividend rights, income rights, disposal rights) corresponding to the remaining 17.6668% of Maikelong's equity he holds. The company will obtain control of the Maikelong board of directors, and Maikelong will become a subsidiary of the company and be included in the consolidated financial statements. The announcement stated that Maikelong focuses on the research, development, manufacturing, and sales of vacuum insulation panels, and its products have been well applied in the fields of refrigerators and new energy vehicles. This acquisition will allow the company to quickly expand its industry chain and effectively enhance the company's market competitiveness in the field of high-efficiency energy saving.