Wanxiang Qianchao announced that the company plans to issue shares and pay cashfreeapplearcadeBuy Wanxiang AmericaCorp held by Wanxiang AmericaCorporationfreeapplearcade. 100% equity, and plans to issue shares to no more than 35 specific investors to raise matching funds. As of now, the audit and evaluation work of this transaction has not been completed, and the valuation and pricing of the underlying assets have not yet been determined. This transaction is expected to constitute a major asset reorganization. The main business of the transaction target is the research and development, production and sales of core components for automobile transmission systems and steering systems. The company stated that through this transaction, the company will further enhance the breadth and depth of its global business layout, significantly improve the response speed and reliability of the company's supply chain in Asia, Europe and America, and better integrate into the supply chain of major OEMs around the world. Chain system and further increase global market share. Trading in the company's shares will resume when the market opens on May 6, 2024.