Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire a controlling stake in Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of share issuance and cash payment, with the stock and convertible bonds set to be suspended from trading starting November 24, 2025 [1][2][3]. Company Overview - Kaizhong Co., Ltd. has a current stock price of 13.08 yuan and a market capitalization of 3.506 billion yuan [1]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan and serves high-profile clients such as BYD and NIO [2][3]. - The acquisition involves purchasing 60% of Anhui Tuosheng's equity, with the transaction price based on an asset appraisal report [3]. Financial and Operational Details - The company plans to raise funds from no more than 35 specific investors to finance the acquisition [3]. - Anhui Tuosheng was established in 2013 with a registered capital of 30 million yuan and is located in Guangde City, Anhui Province, covering an area of 84.46 acres [3]. - The company specializes in the research, production, and sales of rubber shock-absorbing components for automobiles and home appliances [3]. Client and Market Position - Anhui Tuosheng's client list includes major automotive manufacturers such as SAIC-GM, GAC, and Geely, and its products are exported to countries including the USA, Germany, and Japan [4]. - The company has been recognized as a high-tech enterprise multiple times and has received various awards for its operational excellence [4]. Ownership and Control - The actual controller of Anhui Tuosheng is Zhu Cheng, who is also the son of Huang Yuejiao, a significant shareholder of Kaizhong Co., Ltd. [5][6]. - Huang Yuejiao has played a crucial role in Kaizhong's development since its inception and was one of the initial investors [6].

Core Viewpoint - Kaizhong Co., Ltd. plans to acquire 60% equity of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, which may constitute a significant asset restructuring [1][3]. Group 1: Acquisition Details - The acquisition involves signing a "Letter of Intent" with nine counterparties, with the transaction price based on an asset evaluation report from a qualified institution [3]. - Kaizhong intends to raise funds from no more than 35 specific investors to finance the acquisition, with all proceeds allocated for the transaction [3]. - The transaction is still in the planning stage, requiring approval from the board, shareholders, and regulatory authorities before implementation [3]. Group 2: Strategic Importance - The acquisition is seen as a strategic move for Kaizhong to address intense industry competition and integrate its supply chain [5]. - Kaizhong's main business focuses on automotive chassis suspension damping components, with a leading technology level and a second-place market share in China [5]. - The company has experienced a slowdown in growth, with a revenue of 564 million yuan and a net profit of approximately 58.29 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 5.12% [5]. Group 3: Market Potential - The NVH (Noise, Vibration, and Harshness) damping and sealing sector presents broader development opportunities compared to Kaizhong's current market [6]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan, specializing in rubber-based NVH damping and sealing components [7]. - The merger is expected to enhance Kaizhong's product line, allowing it to transition from a single component supplier to a comprehensive system service provider, thereby increasing customer value and negotiation power [8][9].

Core Viewpoint - Kaizhong Co., Ltd. plans to acquire 60% equity of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, which may constitute a significant asset restructuring [2][5]. Group 1: Acquisition Details - On November 21, Kaizhong signed a "Letter of Intent" with nine counterparties to acquire 60% of Anhui Tuosheng, with the transaction price based on an asset valuation report from a qualified evaluation agency [3]. - The company intends to issue shares to no more than 35 specific investors to raise funds for the transaction [4]. - The acquisition is still in the planning stage, and formal agreements have not yet been signed, with the transaction subject to board and shareholder approval [5]. Group 2: Strategic Importance - The acquisition is seen as a strategic move for Kaizhong to address intense industry competition and integrate its supply chain [6]. - Kaizhong specializes in automotive chassis suspension damping components and lightweight pedal assemblies, holding a leading position in technology and a second-place market share in China [6]. - The company has experienced a slowdown in growth due to limited market size and increasing competition, necessitating the search for new growth avenues [6]. Group 3: Financial Performance - For the first three quarters of 2025, Kaizhong reported revenue of 564 million yuan, a year-on-year increase of 5.43%, while net profit attributable to shareholders decreased by 5.12% to approximately 58.29 million yuan [7]. Group 4: Market Potential - The automotive NVH (Noise, Vibration, and Harshness) damping and sealing sector presents broader development opportunities compared to Kaizhong's current focus [8]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan, specializing in rubber-based NVH damping and sealing components [9]. - The acquisition is expected to allow Kaizhong to expand its product line into the NVH field, enhancing its service offerings and competitive position in the market [12].

Core Viewpoint - The company Kaizhong Co., Ltd. plans to acquire 60% equity of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, which may constitute a significant asset restructuring [1][4]. Group 1: Acquisition Details - On November 21, Kaizhong signed a letter of intent with nine counterparties to acquire 60% of Anhui Tuosheng, with the transaction price based on an asset valuation report from a qualified evaluation agency [4]. - The company intends to raise funds from no more than 35 specific investors to finance the acquisition, with all proceeds allocated to the transaction [4]. - The acquisition is still in the planning stage, requiring approval from the board, shareholders, and regulatory authorities, indicating uncertainty in finalizing the deal [4]. Group 2: Strategic Importance - The acquisition is seen as a strategic move for Kaizhong to address intense industry competition and integrate its supply chain [6]. - Kaizhong specializes in automotive chassis suspension damping components and lightweight pedal assemblies, holding a leading position in technology and a second-place market share in the domestic market [6]. - The company has experienced a slowdown in growth due to limited market size and increasing competition, necessitating the search for new growth avenues [6]. Group 3: Market Potential - The NVH (Noise, Vibration, and Harshness) damping and sealing sector presents broader development opportunities compared to Kaizhong's current focus [7]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan, specializing in rubber-based NVH damping and sealing components [8]. - The merger is expected to allow Kaizhong to expand its product line into the NVH field, enhancing its service offerings to automotive manufacturers and increasing negotiation power and business stickiness [11].

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the stock and convertible bonds set to be suspended from trading starting November 24, 2025 [2][3][6]. Group 1: Acquisition Details - The acquisition involves purchasing 60% of Anhui Tuosheng's equity, with the transaction price to be determined based on an asset evaluation report [4][6]. - The company aims to raise funds from no more than 35 specific investors to finance the acquisition [3][6]. - The transaction is expected to be classified as a major asset restructuring but will not change the actual controller of Kaizhong [6]. Group 2: Anhui Tuosheng Overview - Anhui Tuosheng has an annual output value exceeding 500 million yuan and serves notable clients such as BYD and NIO [2][6]. - Established in 2013 with a registered capital of 30 million yuan, Anhui Tuosheng specializes in the R&D, production, and sales of rubber damping components for automobiles and home appliances [6]. - The company has received multiple recognitions, including high-tech enterprise certifications and rankings among the top enterprises in Guangde County [7]. Group 3: Ownership and Relationships - The actual controller of Anhui Tuosheng, Zhu Cheng, is the son of Huang Yuejiao, a significant shareholder and founding member of Kaizhong [8][12]. - Historical documents indicate that there is no competitive relationship between Kaizhong and Anhui Tuosheng, as their product lines serve different applications [12].

Core Viewpoint - The company, Kaizhong Co., is planning a significant asset restructuring by acquiring 60% of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payments, while also raising funds from specific investors to finance the transaction [2][3][6]. Group 1: Transaction Details - The acquisition involves purchasing 60% equity of Anhui Tuosheng, which focuses on the research, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, and Harshness) performance [3][4]. - The registered capital of Anhui Tuosheng is 30 million yuan, and it was established in April 2013 [4]. - The transaction will not lead to a change in the actual controller of Kaizhong Co. and does not constitute a restructuring listing [2][7]. Group 2: Financial Aspects - The funds raised from issuing shares to no more than 35 specific investors will be entirely used to pay for the transaction price, with no portion allocated for supplementing working capital [6]. - The transaction price will be determined based on an asset valuation report from a qualified assessment agency [6]. Group 3: Strategic Implications - This acquisition is viewed as a strategic move to expand business boundaries and strengthen core competitiveness in the automotive parts sector [8]. - Anhui Tuosheng's technological expertise and market resources in NVH components are expected to create synergies with Kaizhong Co.'s existing operations, enhancing its product portfolio in automotive damping and sealing systems [8]. - The company has not experienced any stock price issues in the last 20 trading days, indicating stability in its financial standing [8].

Core Viewpoint - Kaizhong Co., Ltd. plans to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd., which is expected to constitute a major asset restructuring, leading to a suspension of its stock trading starting November 24, 2025 [1][4]. Group 1: Acquisition Details - The company announced on November 21 that it is planning to acquire a 60% stake in Anhui Tuosheng through a combination of issuing shares and cash payments [3]. - The transaction price will be based on an asset valuation report from a qualified assessment agency, with the final price to be negotiated among the parties involved [3]. - The agreement signed is a non-binding intention agreement, serving as a guideline for further negotiations and the signing of formal legal documents [3]. Group 2: Financial Performance - For the first three quarters of 2025, Kaizhong Co., Ltd. reported revenue of 564 million yuan and a net profit of 58.29 million yuan [4]. - As of November 21, the company's stock price was 13.08 yuan per share, with a total market capitalization of 3.506 billion yuan [4]. Group 3: Business Strategy - The company aims to steadily advance its core businesses in shock-absorbing components and pedal assemblies, enhancing its competitive advantages while adapting to industry trends and market demands [6]. - Kaizhong Co., Ltd. is focused on expanding its international business footprint, establishing overseas subsidiaries in Mexico, the United States, Germany, and Morocco, and setting up an office in Japan [7]. - The Mexican factory has received recognition from various domestic and international OEMs and Tier 1 customers, with projects for buffer blocks and pedals already in mass production [7].

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the fundraising aimed solely at covering the transaction price [2][4]. Group 1: Transaction Details - The transaction involves purchasing 60% equity of Anhui Tuosheng, with the price based on an asset evaluation report from a qualified assessment agency [4]. - The company will issue shares to no more than 35 specific investors to raise matching funds for the acquisition [2][4]. - The transaction is expected to constitute a significant asset restructuring as per the regulations of the Management Measures for Major Asset Restructuring of Listed Companies [2]. Group 2: Company Background - Kaizhong Co., Ltd. specializes in advanced shock absorption system materials and components for automotive suspension systems, serving major domestic and international automotive manufacturers [3]. - Anhui Tuosheng focuses on the research, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, and Harshness) performance [4]. Group 3: Stock Suspension - To ensure fair information disclosure and protect investor interests, Kaizhong Co., Ltd. has applied for a suspension of its stock and convertible bonds starting November 24, 2025, for a period not exceeding five trading days [4]. - The company will adhere to legal disclosure obligations during the suspension and will announce further developments regarding the transaction [4].

Core Viewpoint - The company, Kaizhong Co., Ltd. (603037.SH), is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the funds raised exclusively for this transaction [1] Group 1: Transaction Details - The acquisition is expected to be classified as a major asset restructuring under the regulations of the "Major Asset Restructuring Management Measures for Listed Companies" [1] - The transaction will not result in a change of the actual controller of the company and does not constitute a restructuring listing according to the relevant regulations of the Shanghai Stock Exchange [1] - The company plans to issue shares to no more than 35 specific investors to raise matching funds for the transaction [1] Group 2: Stock and Bond Suspension - The company's stock (abbreviated as Kaizhong Co., Ltd., stock code: 603037) and convertible bonds (abbreviated as Kaizhong Convertible Bonds, bond code: 113698) will be suspended from trading starting November 24, 2025, with an expected suspension period of no more than 5 trading days [1] Group 3: Target Company Overview - Anhui Tuosheng primarily engages in the research, development, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, and Harshness) performance [1]

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the fundraising aimed solely at covering the transaction price [1][3] Group 1: Company Overview - Kaizhong Co., Ltd. specializes in advanced shock absorption system materials and product design, manufacturing automotive suspension system components, pedal assemblies, and high-performance polyurethane load-bearing wheels [2] - Major clients include domestic automotive manufacturers such as SAIC Volkswagen and FAW Volkswagen, as well as international brands like General Motors, Ford, Porsche, Mazda, and Suzuki [2] Group 2: Transaction Details - The acquisition involves purchasing 60% of Anhui Tuosheng's equity, which focuses on the research, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, Harshness) performance [3][4] - The transaction is currently in the planning stage, and the company has applied for a trading suspension to ensure fair information disclosure and protect investor interests, with the suspension expected to last no more than five trading days [3][4] Group 3: Financial Aspects - The funds raised from issuing shares to no more than 35 specific investors will be entirely used for the transaction price, with no intention of supplementing working capital [1] - The transaction may constitute a significant asset restructuring as defined by the relevant regulations [1]