Zkteco Co., Ltd. (301330.SZ) plans to acquire 55% of Longzhiyuan's equity to enrich its product array.

Announcement from Zkteco Co., Ltd. (301330.SZ): The company plans to acquire a 55% stake in Longzhiyuan held by Yu Mengchu, Li Weihua, Che Tianyou, Longdingxing, Long Juxin, Long Hexin, Long Yixin, Wolonghui, and Li Weixiong for a total of 416 million yuan. After the transaction is completed, Longzhiyuan will become a wholly-owned subsidiary of the company and be included in the company's consolidated scope. The announcement shows that Longzhiyuan is a company focused on smart outdoor audio and video equipment, optical equipment in the field of intelligent living. It focuses on niche areas, aiming for smart living, and is committed to developing smart products related to daily life. Currently, Longzhiyuan's main products include outdoor products and smart home series, with its core product being outdoor tracking cameras. Longzhiyuan's business covers ID design, software and hardware design, and manufacturing, providing ODM services for multiple outdoor professional brands, as well as selling own-brand products through overseas e-commerce channels. The announcement states that one of the company's four major brands, "NGTeco", focuses on smart living. Through this acquisition, the company can expand its smart living business into the outdoor sector, enriching the product array in the field of smart outdoor business scenarios.