Wingtech Technology announced that the company intends to transfer 100% of the equity and related business asset packages of its subsidiaries to Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. in cash transactions. This transaction is expected to constitute a major asset reorganization as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies" and will not lead to a change in the company's control. On March 20, 2025, the company held the sixth meeting of the 12th Board of Directors, reviewed and approved relevant proposals and fulfilled the information disclosure procedures. As of the date of this announcement, the company has received a transfer price of RMB 2.287 billion paid by the counterparty.