Core Viewpoint - The announcement details the proposed transfer of 5,830,000 shares of Beijing Baolande Software Co., Ltd. by its controlling shareholder, Yi Cundao, to Tianyang Hongye Technology Co., Ltd., representing 7.50% of the company's total share capital [2][3]. Summary by Sections 1. Basic Situation of the Share Transfer - Yi Cundao intends to transfer 5,830,000 shares at a price of 26.56 CNY per share, totaling approximately 154.84 million CNY [3][6]. - After the transfer, Yi Cundao will hold 21,602,681 shares, representing 27.79% of the total share capital, while Tianyang Technology will hold 5,830,000 shares [2][3]. 2. Background and Purpose of the Transfer - The transfer aims to meet Yi Cundao's funding needs and introduce a strategic investor who recognizes the company's long-term value, enhancing market competitiveness and resource sharing [4][5]. - The collaboration is expected to strengthen the integration of banking applications with middleware systems, promoting innovation in information technology and domestic software independence [5]. 3. Approval and Procedures - The transfer is subject to compliance review by the Shanghai Stock Exchange and must be registered with the China Securities Depository and Clearing Corporation [4][20]. 4. Payment and Transaction Arrangement - The total transfer price will be paid in four installments, with the first payment of 10% due upon the announcement, followed by subsequent payments tied to specific milestones [10][11]. 5. Lock-up Commitment - Tianyang Technology commits not to reduce its holdings for 12 months following the completion of the share transfer [18][19].

Core Viewpoint - Tianyang Technology plans to acquire 5.02% of Baoland's shares, marking its second acquisition of an A-share listed company in less than two months, reflecting its strategy to strengthen its position in the financial sector through partnerships with leading middleware firms [2][3][4]. Group 1: Acquisition Details - Tianyang Technology announced it will acquire 5.83 million shares of Baoland from its controlling shareholder, representing 7.5% of Baoland's total shares, at a price of 26.56 yuan per share, totaling 155 million yuan [2][3]. - Following this transaction, Tianyang Technology will become Baoland's second-largest shareholder, with a stake just behind the controlling shareholder, Yi Cundao [3]. - The funding for this acquisition will come from Tianyang Technology's own funds, which will not adversely affect its financial status or independence [3]. Group 2: Financial Performance - Baoland reported a revenue of 138 million yuan for the first three quarters of 2025, a year-on-year decline of 31.83%, with a net loss attributable to shareholders of 92.6 million yuan, worsening from a loss of 54.85 million yuan in the same period last year [6]. - In the third quarter alone, Baoland's revenue was 56.23 million yuan, down 9.81% year-on-year, with a net loss of 24.83 million yuan compared to a loss of 21.94 million yuan in the previous year [6]. Group 3: Strategic Intent - Tianyang Technology's acquisition is based on its recognition of Baoland's long-term investment value, aiming to enhance collaboration in the financial sector and improve customer retention through joint efforts [3][4]. - Yi Cundao, Baoland's controlling shareholder, aims to attract strategic investors who recognize the company's long-term value and can help enhance its market competitiveness and resource sharing [5].

Core Viewpoint - Tianyang Technology plans to acquire 5.02% of Baolande's shares, marking its second acquisition of an A-share listed company in less than two months, indicating a strategic move to strengthen its position in the financial sector [1][2][3]. Group 1: Acquisition Details - Tianyang Technology intends to acquire 5.83 million shares of Baolande at a price of 26.56 yuan per share, totaling 155 million yuan [1][2]. - After the transaction, Tianyang Technology will become the second-largest shareholder of Baolande, following the controlling shareholder, Yi Cundao [2]. - The funding for this acquisition will come from the company's own funds, which stood at 911 million yuan as of the end of Q3 2025 [2]. Group 2: Company Background and Strategy - Tianyang Technology focuses on clients in the banking and financial sectors, and views Baolande as a leading middleware provider, which can enhance its capabilities in the financial industry [2]. - The acquisition is expected to facilitate collaboration between the two companies, enhancing customer retention and market reach [2]. Group 3: Baolande's Financial Performance - Baolande reported a revenue of 138 million yuan for the first three quarters of 2025, a year-on-year decline of 31.83%, with a net loss of 92.6 million yuan [5]. - In Q3 2025, Baolande's revenue was 56.2 million yuan, down 9.81% year-on-year, with a net loss of 24.8 million yuan [5]. Group 4: Shareholder Actions - Yi Cundao, the controlling shareholder of Baolande, has previously sold over 33 million yuan worth of shares, indicating a pattern of divestment [4]. - The current share transfer is aimed at bringing in strategic investors who recognize Baolande's long-term value and can help enhance its market competitiveness [4].

Group 1 - China Mobile's controlling shareholder, China Mobile Group, plans to transfer 41.98 million shares (0.19% of total shares) to China National Petroleum Corporation [1] - Strong瑞 Technology intends to invest 70 million yuan to acquire 35% equity in aluminum cooling technology company, which supplies components for NVIDIA AI servers [2] - Pingtan Development's stock price has increased over 100% in the last eight trading days, indicating significant abnormal trading behavior [3] Group 2 - Hezhong China warns of irrational speculation risk as its stock price has surged 61.23% over five consecutive trading days, significantly deviating from its fundamentals [4] - TCL Technology's participation in the restructuring plan of Suning Group has not been approved by creditors, leading to uncertainties in the restructuring process [5] - Huitian New Materials has signed a strategic cooperation agreement with Taiblue New Energy to collaborate in solid-state batteries and key materials [6] Group 3 - Han Jian He Shan has signed a procurement contract worth 207 million yuan with China Nuclear Industry Huaxing Construction, accounting for 26.29% of its audited revenue for 2024 [7] - Actual controller of Baihehua, Chen Lirong, mistakenly reduced his holdings by 160,000 shares but has since repurchased the same amount [8][9] - Yaxing Chemical is planning to acquire control of Tianyi Chemical through a combination of share issuance and cash payment, leading to a stock suspension [10] Group 4 - Shenghui Integration's shareholder, Suzhou Shengzhan, has terminated its plan to reduce holdings of up to 620,000 shares, having already reduced 565,500 shares [11] - North Bay Port reported a 22.73% year-on-year increase in cargo throughput in October [12] - Jiangling Motors experienced an 8.06% year-on-year increase in automobile sales in October [12]

Core Viewpoint - Tianyang Technology recognizes the long-term investment value of Baolande Software and has signed a share transfer agreement to acquire 5,830,000 shares, representing 7.50% of Baolande's total equity, at a price of 26.56 CNY per share, totaling approximately 154.84 million CNY [2] Summary by Relevant Sections - **Transaction Details** - Tianyang Technology will acquire 5,830,000 shares of Baolande, which constitutes 7.50% of Baolande's total shares [2] - The share transfer price is set at 26.56 CNY per share, leading to a total transaction value of 154,844,800 CNY [2] - Prior to this transaction, Tianyang Technology did not hold any shares in Baolande [2] - **Approval Process** - The transaction falls within the approval authority of the company's general manager, thus does not require board or shareholder approval [2]

Core Viewpoint - Tianyang Technology recognizes the long-term investment value of Baolande and has signed a share transfer agreement to acquire 5,830,000 shares from the controlling shareholder, Mr. Yi Cundao, at a price of 26.56 CNY per share, totaling 154,844,800 CNY [1] Group 1 - The share transfer represents 7.50% of Baolande's total share capital [1] - Prior to this transaction, the company did not hold any shares in Baolande [1] - After the transaction, the company will hold a total of 5,830,000 shares in Baolande, equating to 7.50% of the total shares [1]

Group 1 - Tianyang Technology (300872) announced a share transfer agreement with Mr. Yi Cundao, the controlling shareholder of Baoland, on November 3, 2025 [1] - The company plans to acquire 5.83 million shares of Baoland, representing 7.50% of Baoland's total share capital, at a price of 26.56 yuan per share, totaling 155 million yuan [1] - Prior to this transaction, the company did not hold any shares in Baoland; after the transaction, it will hold a total of 5.83 million shares, equivalent to 7.50% of Baoland's total shares [1]

Core Viewpoint - Tianyang Technology (300872) recognizes the long-term investment value of Baoland Software Co., Ltd. and has signed a share transfer agreement to acquire a stake in the company [1] Group 1: Transaction Details - Tianyang Technology plans to acquire 5.83 million shares of Baoland, representing 7.50% of Baoland's total share capital [1] - The transfer price is set at 26.56 yuan per share, amounting to a total transaction value of 155 million yuan [1] - Prior to this transaction, Tianyang Technology did not hold any shares in Baoland [1]

Core Viewpoint - Tianyang Technology (300872.SZ) has signed a share transfer agreement to acquire 5.83 million shares of Baoland from its controlling shareholder, Mr. Yi Cundao, for a total price of 155 million yuan, representing 7.50% of Baoland's total equity [1] Summary by Sections - **Transaction Details** - The share transfer price is set at 26.56 yuan per share [1] - The total transaction amount is 155 million yuan [1] - Prior to this transaction, Tianyang Technology did not hold any shares in Baoland [1] - After the transaction, Tianyang Technology will hold a total of 5.83 million shares in Baoland, equating to 7.50% of Baoland's total shares [1]

Core Viewpoint - Tianyang Technology (300872.SZ) plans to acquire 5.83 million shares of Baoland held by its controlling shareholder, Yicundao, at a price of 26.56 yuan per share, totaling 155 million yuan, which will enhance its collaboration with Baoland in the financial sector [1] Group 1 - The acquisition represents 7.50% of Baoland's total share capital [1] - The transaction is not classified as a related party transaction or a major asset restructuring [1] - The partnership aims to strengthen the expansion of financial industry clients and enhance customer loyalty through collaboration with Baoland, a leading middleware provider [1]