Lingyi Intelligent Manufacturing announced that Lingyi Technology (Shenzhen) Co., Ltd., a wholly-owned subsidiary of the company, purchased 96.15% of Zhejiang Xianglong Machinery Co., Ltd.'s total shares held by Venture Equities Management, Inc., Ningbo Jialong Industrial Co., Ltd., Hangzhou Xiebang Enterprise Management Co., Ltd., and Ningbo Longjun Enterprise Management Partnership with a transaction price of 2.404 billion yuan. According to the company's payment schedule, the target company's board seat arrangement, the processing of property rights transfer procedures, Zhejiang Xianglong's articles of association, and the relevant regulations that comply with corporate accounting standards, Zhejiang Xianglong has become a holding subsidiary of the company and is included in the scope of the company's consolidated statements.

Lingyi Intelligent Manufacturing announced that Lingyi Technology (Shenzhen) Co., Ltd., a wholly-owned subsidiary of the company, purchased 96.15% of Zhejiang Xianglong Machinery Co., Ltd.'s total shares held by Venture Equities Management, Inc., Ningbo Jialong Industrial Co., Ltd., Hangzhou Xiebang Enterprise Management Co., Ltd., and Ningbo Longjun Enterprise Management Partnership with a transaction price of 2.404 billion yuan. According to the company's payment schedule, the target company's board seat arrangement, the processing of property rights transfer procedures, Zhejiang Xianglong's articles of association, and the relevant regulations that comply with corporate accounting standards, Zhejiang Xianglong has become a holding subsidiary of the company and is included in the scope of the company's consolidated statements.