Hongyang-KY (Supplementary Announcement): Subsidiary Yangzhou Hongyang Board Resolution to Acquire Equity
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Hongyang-KY's subsidiary, Yangzhou Hongyang Technology Development Co., Ltd., announced its board resolution to acquire 100% equity of Yangzhou Hongyu Electronic Technology Co., Ltd. from a related party for RMB 88.18 million. The acquisition aims to secure production facilities, eliminate rental risks, and reduce long-term rental expenses, reinforcing business stability.