Qingdao Richmat Intelligence Technology Inc. plans to acquire a 53% stake in Youte Power, which specializes in various types of lighting power supplies and lighting scene solutions.

Qingdao Richmat Intelligence Technology Inc. (301320.SZ) announced that the company has signed a "Listed Company Equity Acquisition Agreement" with shareholders Mao Zhaoqi of UTE Power, Hangzhou Youshengmei Electrical Enterprise Management Co., Ltd., Hangzhou Zhiyouming Enterprise Management Partnership Enterprise (Limited Partnership), Zhangjiagang Maizhi Electronics Technology Co., Ltd., Hangzhou Jieguang Technology Co., Ltd., and the target company, intending to acquire 53.00% equity of UTE Power held by the aforementioned parties for a preliminary cash consideration of 59.36 million RMB. After the completion of the transaction, the company will hold 53% equity of UTE Power and include it in the company's consolidated financial statements. The announcement stated that the target company has been dedicated to researching and producing high-quality intelligent LED terminal solutions and high-power LED power supplies, with main products including various lighting driving power supplies and lighting scene solutions. The target company focuses on high-end scenarios such as outdoor lighting, sports lighting, and plant lighting, independently developing a full range of efficient lighting driving power supplies covering a power range from 40W to 2000W, with core advantages including high protection capability, ultra-high conversion efficiency (97%), intelligent dimming, stable operation in a wide temperature range, and international certifications such as UL, CB, and ENEC. The products are mainly used in developed countries and regions in Europe, America, and Australia.