XXF Group Surges Over 9% in Morning Trading as Company Plans to Control Kuangshi Tech, Securing Position in Millimeter-Wave Radar Sensing Sector

Deep News01-19

XXF Group (02473) saw its stock price rise 9.29% during the morning session, currently trading at HK$10.59, with a turnover of HK$58.2028 million.

XXF Group recently announced that its indirect wholly-owned subsidiary has signed a memorandum of understanding with Kuangshi Technology, proposing to acquire a 51% controlling stake in this millimeter-wave radar technology enterprise through either a share purchase or a capital increase. This move represents a crucial strategic step for XXF Group to deepen its presence in the intelligent driving industry chain and build integrated capabilities in "scenario + technology + operations," marking a substantive phase in its transformation from a traditional automotive distribution service provider to a technology-driven smart mobility platform.

Public information indicates that Kuangshi Technology is one of the few domestic millimeter-wave radar solution providers with full-chain independent capabilities spanning "chip - algorithm - module - complete machine - system platform." Its core team possesses profound expertise in areas such as RF front-end, signal processing, and AI fusion algorithms, with its products already achieving coverage across multiple scenarios including assisted driving, intelligent transportation, and smart IoT.

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