Wuzhou Medical: Intends to issue shares and pay cash to acquire 100% equity of Xuanzhi Technology.
Wuzhou Medical Announcement: The company plans to acquire 100% equity of Xuanzhi Electronic Technology Co., Ltd. held by 34 transaction parties including Liu Gang through issuing shares and paying cash, and intends to raise matching funds from no more than 35 specific investors. The target company focuses on the research, design, and sales of highly integrated motor control chips. This transaction is expected to constitute a major asset restructuring and related party transaction, but not a reorganization listing. As of the date of the proposal signing, the audit and evaluation of the target assets have not been completed, and the transaction price has not been determined.
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