Lingyi iTech expands AI hardware with Limingda Electronic acquisition

Lingyi iTech will acquire 35% equity in Dongguan Limingda Electronic Technology for CNY 87,500 million in cash. Through a voting rights entrustment, Lingyi iTech will control a total of 52.78% of Limingda, integrating it into its consolidated financial statements. This move aims to enhance Lingyi iTech's AI hardware server capabilities and product portfolio. The transaction, based on an appraisal value of CNY 251,000.00 million, will proceed in two installments.

This acquisition follows Lingyi iTech's previous asset acquisition plan. In December 2025, its wholly-owned subsidiary completed the acquisition of 60.00% equity in Jiangsu Keda Stern Automobile Technology for CNY 240 million in cash, also aiming to bring it into Lingyi iTech's consolidated scope.

The current acquisition of Limingda is part of Lingyi iTech's strategy to strengthen its position in the AI hardware and server component market, leveraging Limingda's expertise in liquid cooling heat management. Both transactions are managed by the company's general manager and do not require board or shareholder approval.