According to CoinMeta, Rongqi Technology announced that the company intends to acquire 60% of the equity in Shanghai Deqishun Precision Machinery Equipment Co., Ltd. through cash payment, with a transaction price of 562 million yuan. To meet the funding requirements for this transaction, the company held the sixteenth meeting of its third board of directors on November 10, 2026, where the "Proposal on Using Remaining Over-raised Funds to Pay for Part of the Equity Acquisition Amount" was reviewed and approved. It is planned to use 486 million yuan of the remaining over-raised funds (as of October 31, 2026) to pay for part of the equity acquisition amount in this transaction. This matter still needs to be submitted to the company's shareholders' meeting for review.