Shenzhen King Explorer Science And Technology Corporation(002917) plans to acquire 50 million detonator production lines and related assets of Yinguang technology with 71 million yuan

Shenzhen King Explorer Science And Technology Corporation(002917) announced that Shandong shengshida, a holding subsidiary, plans to purchase 50 million detonator production lines and related assets of Yinguang technology for 71 million yuan. After the completion of this transaction, the annual production capacity of the company’s industrial detonators will increase from 167 million to 217 million, which is conducive to further strengthen the deep integration of the company’s technical advantages of intelligent equipment and resources in the production field, and promote the effective extension of the company’s industrial chain.