Changzhou Almaden Co., Ltd. (SZSE:002623) agreed to acquire Fengyang Silicon Valley Intelligence Co., Ltd. from Shanghai Lingda Information Technology Consulting Co., Ltd. and Yancheng Daling Enterprise Management Consulting Center (Limited Partnership) for CNY 1.4 billion on February 7, 2024. The transaction was financed with private placement of CNY 811.9 million. The transaction is subject to approval by Shenzhen Stock Exchange.

The transaction has been approved by the Board of Directors of Changzhou Almaden and by the shareholders and Board of Directors of Fengyang Silicon. Sinolink Securities Co., Ltd. acted as financial advisor, Baker Tilly International Certified Public Accountants (Special General Partnership) acted as accountant and Beijing DHH Law Firm acted as legal advisor for Changzhou Almaden.