Core Viewpoint - Lion Technology Development Co., Ltd. (Lion Technology) has made significant progress in its acquisition of Hangzhou Lipo Technology Co., Ltd. (Lipo Technology), marking a strategic shift towards artificial intelligence and machine vision [1][2] Group 1: Acquisition Details - The acquisition was approved at the first extraordinary general meeting of shareholders in 2025, indicating a key advancement in the merger process [1] - The core objective of the acquisition is to establish Lion Technology as a leader in the domestic machine vision industry, leveraging Lipo Technology's strengths in team, technology, products, customers, and growth potential [2] Group 2: Market Context - The global machine vision market is dominated by companies like Cognex and Keyence, which hold over 50% of the market share, presenting a significant opportunity for Lion Technology to carve out a niche in the domestic market [2] Group 3: Financial Performance and Commitments - Lipo Technology's projected net profits for 2023 and 2024 are 24.1 million and 33.1 million respectively, with performance commitments for 2025 to 2027 set at no less than 33 million, 46 million, and 62 million [3] - The company clarified that the 2025 performance commitment reflects a 31% increase in core business profitability when adjusted for non-recurring gains [3][4] Group 4: Integration Strategy - Lion Technology has established a multi-dimensional integration mechanism to ensure effective collaboration post-acquisition, focusing on technology, team independence, and governance [5][6] - The integration will involve maintaining Lipo Technology's technical team's independence while enhancing its capabilities through strategic collaboration and resource sharing [6] Group 5: Long-term Vision - The company aims to create an end-to-end solution for "artificial intelligence empowering traditional manufacturing," with a focus on long-term growth and stability [7][8] - The acquisition is expected to enhance Lion Technology's operational capabilities and competitive edge, aligning with national policies encouraging mergers and acquisitions [7]

Group 1 - The core point of the article is that Lionhead Co. has made significant progress in its transformation towards the artificial intelligence sector by acquiring Lipo Technology, marking a strategic move to enter the rapidly growing machine vision market [1][3]. - The acquisition was approved at the first extraordinary general meeting of shareholders on August 22, 2025, where 25 proposals, including the asset purchase and fundraising plan, were passed [1]. - Lionhead Co. aims to become a leading player in the domestic machine vision industry, leveraging Lipo Technology's expertise in artificial intelligence algorithms and its established market presence [4][6]. Group 2 - The machine vision industry is experiencing a boom, with major global players like Cognex and Keyence holding over 50% of the market share, while there is currently no dominant player in the domestic market [3][4]. - Lipo Technology's core team includes several PhD graduates from Zhejiang University, indicating a strong technical foundation for innovation and development [4]. - The company plans to adopt a dual-driven business model focusing on both industrial and consumer markets, enhancing customer engagement through a strategy centered on software solutions [4][6]. Group 3 - The acquisition involves purchasing 97.44% of Lipo Technology's shares from 14 stakeholders, with performance commitments set for the years 2025 to 2027, ensuring a minimum net profit of 33 million yuan, 46 million yuan, and 62 million yuan respectively [6][7]. - The performance commitments are based on regular profits, excluding non-recurring gains, which reflects the company's core business competitiveness [7]. - Adjusted financial data shows a more accurate representation of Lipo Technology's core business profitability, with the latest projections indicating a growth of at least 31% in regular profits for 2025 compared to the adjusted 2024 figures [6][7].

Core Viewpoint - Lionhead Co. has made significant progress in its transformation towards the artificial intelligence sector by acquiring Lipu Technology, marking a strategic move to enter the rapidly growing machine vision market [2][3]. Company Strategy - The acquisition of Lipu Technology is seen as a long-term strategic initiative to capitalize on the upcoming decade of smart manufacturing upgrades, leveraging Lipu's expertise in AI algorithms [2][3]. - Lionhead aims to become a leading player in the domestic machine vision industry, which is currently lacking a dominant enterprise [3]. Market Context - The machine vision market is experiencing a boom, with major players like Cognex and Keyence holding over 50% of the global market share, while no leading company exists in the domestic market [2][3]. - Lipu Technology has established itself in advanced manufacturing sectors such as renewable energy, semiconductors, and consumer electronics, achieving market leadership in the photovoltaic industry [3]. Technical Development - The industry is shifting from 2D to 3D technology, traditional algorithms to deep learning, and single imaging to multi-modal integration, areas where Lipu Technology has been deeply rooted for years [3]. - Lionhead plans to enhance user experience and customer loyalty by focusing on a "software-first, hardware-second" strategy [3]. Financial Performance and Commitments - Lionhead intends to acquire 97.44% of Lipu Technology's shares through a combination of stock issuance and cash payment [5]. - Lipu Technology's projected net profits for 2023 and 2024 are 24.087 million and 33.146 million respectively, with performance commitments for 2025 to 2027 set at no less than 33 million, 46 million, and 62 million, respectively [5]. - The 2025 profit commitment reflects a minimum growth of 31% from the adjusted core business profit of 25.08 million for 2024, focusing solely on recurring profits from core operations [5].

Core Viewpoint - Lionhead Co., Ltd. is making significant progress in its transformation towards the artificial intelligence sector by acquiring Lipo Technology, aiming to become a leader in the domestic machine vision industry [2][4]. Group 1: Acquisition Details - The acquisition of Lipo Technology was approved at the first extraordinary general meeting of shareholders on August 22, 2025, marking a crucial step for Lionhead Co., Ltd. [2] - The acquisition involves purchasing 97.44% of Lipo Technology's shares from 14 transaction parties, including key figures such as Wang Xulongqi and Deng Haoyu [7]. Group 2: Strategic Intent - The company aims to leverage Lipo Technology's expertise in artificial intelligence algorithms to capitalize on the opportunities presented by the intelligent upgrade of the manufacturing industry over the next decade [4]. - Lionhead Co., Ltd. plans to adopt a "software as the core, hardware as the auxiliary" strategy to enhance user experience and customer loyalty [5]. Group 3: Market Position and Growth Potential - The machine vision market is experiencing a boom, with the current technology shifting from 2D to 3D and traditional algorithms to deep learning [5]. - Lipo Technology has established itself in advanced manufacturing sectors such as renewable energy and semiconductors, achieving market leadership in the photovoltaic industry [5]. Group 4: Performance Commitments - Lipo Technology has made performance commitments for the years 2025 to 2027, with net profits of no less than 33 million, 46 million, and 62 million yuan, respectively, excluding non-recurring gains [7]. - The 2025 profit commitment reflects a growth of at least 31% compared to the adjusted core business profit for 2024, indicating a focus on sustainable profitability [7].

证券代码：600539 证券简称：狮头股份 公告编号：临 2025-054 狮头科技发展股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，会议采用现场投票与网络投票相结合的方 式进行表决，符合《公司法》及《公司章程》的规定，公司董事长吴家辉先生主 持本次会议。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 联交易符合相关法律法规规定的议案 审议结果：通过 表决情况： 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 8 月 22 日 (二)股东大会召开的地点：山西省太原市万柏林区滨河西路 51 号摩天石 3 号楼 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） 20.1061 | A股 32,148,701 | | 97.5352 | 763,000 | 2.3148 | ...

证券代码：600539 证券简称：狮头股份 公告编号：临 2025-054 狮头科技发展股份有限公司 2025年第一次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 8 月 22 日 (二)股东大会召开的地点：山西省太原市万柏林区滨河西路 51 号摩天石 3 号楼 101 室公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 330 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 32,961,101 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 20.1061 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，会议采用现场投票与网络投票相结合的方 式进行表决，符合《公司法》及《公司 ...

狮头科技发展股份有限公司 法律意见书 山西华炬律师事务所 关于狮头科技发展股份有限公司 狮头科技发展股份有限公司 法律意见书 山西华炬律师事务所 关于狮头科技发展股份有限公司 召开 2025 年第一次临时股东大会之 华炬律师事务所 山西太原长风商务区长兴路1号华润大厦T4号楼34层 030000 China Resources Building, No. T4 34/F , No.1 , Changxing Road , Changfeng Business District , 030000 , Taiyuan , China. 电话/Tel : +86351 2715333/4/5/6 传真/Fax : +86351 2715337 E-mail: office@huajulaw.com www.huajulaw.com 召开 2025年第一次临时股东大会之 法律意见书 法律意见书 华律字(2025)0822-11 号 致:狮头科技发展股份有限公司 山西华炬律师事务所(以下简称"本所")接受狮头科技发展股份有限公司 (以下简称"公司")委托,根据《中华人民共和国公司法》、《中华人民共和 国证券法》、《上市 ...

Core Insights - The overall activity level of the A-share merger and acquisition market in China has slightly decreased, characterized by high frequency, diverse participants, and broad sectors [1] - A total of 80 merger and acquisition events were disclosed during the period, with a total transaction amount of 601.88 billion RMB, showing a significant increase in both the number and value of major M&A events compared to the previous period [2] - The real estate management and development, other metals and mining, semiconductor products, electronic equipment, instruments and components, electrical equipment, and automotive parts sectors are particularly active in M&A activities [2][3] - Private enterprises and local state-owned enterprises are actively engaging in horizontal integration and strategic cooperation, indicating diverse motivations for mergers and acquisitions [1][2] - The M&A market is expected to further release integration and value reconstruction potential, supported by regulatory policy optimization, economic recovery, policy encouragement, and capital market reforms [1] M&A Market Overview - The number of major M&A events in the A-share market increased by 60% compared to the previous period, with a total disclosed transaction amount of 601.88 billion RMB, representing a 187.97% increase [2] - Key sectors for M&A activities include real estate management and development, other metals and mining, semiconductor products, electronic equipment, instruments and components, electrical equipment, and automotive parts [2] - The market is entering a new phase characterized by "efficiency improvement + structural optimization," driven by policy and proactive corporate adjustments [2] Listed Companies' M&A Plans - A total of 44 listed companies announced or planned M&A activities, with an average stock price fluctuation of 7.53% over two weeks [2] - 22 companies made significant progress after announcing M&A plans, with an average stock price fluctuation of 3.76% [2] - The number of major restructuring events increased by 60% compared to the previous period, with research enthusiasm rising by 11.54% [2] Companies with Significant Progress - Companies such as Yunnan Cheng Investment and AnYuan Coal Industry have made notable advancements in their M&A plans, with various strategic objectives including asset adjustments and diversification [10][11] - The progress of these companies reflects a broader trend of active restructuring and strategic realignment within the A-share market [10][11] Market Sentiment and Performance - The restructuring index showed a fluctuation of 5.10% over the two-week period, indicating a positive sentiment in the M&A market [12] - The average price-to-earnings (PE) ratios and market values of companies involved in M&A activities vary significantly, reflecting diverse market conditions and investor sentiments [7][8]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002640 | 跨境通 | 5.93 | -2.15% | 595.09万 | 35.98亿 | | 301558 | 三态股份 | 9.97 | -1.87% | 41.05万 | 4.07亿 | | 300464 | 星徽股份 | 6.01 | -0.83% | 18.83万 | 1.13亿 | | 603613 | 国联股份 | 26.05 | -0.76% | 16.89万 | 4.39亿 | | 301381 | 赛维时代 | 22.36 | -0.62% | 13.38万 | 2.96 Z | | 301001 | 凯淳股份 | 32.78 | -0.55% | 2.26万 | 7373.65万 | | 002803 | 吉宏股份 | 17.50 | -0.40% | 22.03万 | 3.84亿 | | 300592 | 华凯易值 | 12.00 | -0.33% | 10.33万 | 1.24亿 | | 605136 | 丽人丽妆 ...

东方证券股份有限公司 关于狮头科技发展股份有限公司本次交易内幕信息知情人 买卖股票情况自查报告的核查意见 狮头科技发展股份有限公司（以下简称"公司"、"上市公司"）拟通过 发行股份及支付现金方式，购买王旭龙琦、邓浩瑜等 14 名交易对方合计持有的 杭州利珀科技股份有限公司（以下简称"利珀科技"、"标的公司"） 发行股份募集配套资金（以下简称"本次交易"、"本次重大资产重组"）。 东方证券股份有限公司（以下简称"东方证券"、"独立财务顾问"）接 受上市公司委托，担任本次交易的独立财务顾问，根据《中华人民共和国证券 法》《上市公司重大资产重组管理办法》《公开发行证券的公司信息披露内容 与格式准则第 26 号——上市公司重大资产重组》《上市公司监管指引第 7 号— —上市公司重大资产重组相关股票异常交易监管》《监管规则适用指引——上 市类第 1 号》等有关法律法规及规范性文件的规定，对本次交易相关内幕信息 知情人买卖上市公司股票情况进行了核查，具体如下： 一、本次交易的内幕信息知情人自查期间 本次交易的内幕信息知情人自查期间为上市公司首次披露本次交易事项或 就本次交易申请股票停牌（孰早）前六个月至《狮头科技发展股份 ...