The integration of traditional manufacturing industries is still accelerating. This acquisition has completed the business registration change, and subsequent performance commitments and earn-outs are the highlights.

Mars Finance News, May 28 — Xiamen Tungsten announced that on March 24, 2026, its controlling subsidiary Xiamen Jinlu acquired a 70% stake in Yuanxing (Xiamen) Precision Tools Co., Ltd. from natural persons Gong Xing and Yao Aiping for 104 million yuan in cash. Recently, the business registration procedures for the transfer of 70% equity of Yuanxing to Xiamen Jinlu have been completed, making Yuanxing a controlled subsidiary of Xiamen Jinlu and included in the company's consolidated financial statements. The relevant parties still need to continue fulfilling the obligations specified in the transaction agreement. (Company Announcement)