Group 1: Differentiated Pricing and Special Rights of Shareholders - The transaction involves a differentiated pricing scheme based on investment costs, time, and agreement terms, with specific rights for external shareholders [2][3] - The company completed two rounds of targeted capital reduction in May and November 2024, with certain shareholders retaining 2.16% and 0.70% of shares, respectively, without special rights [2][3] - The pricing for the remaining shares held by shareholders is set at 1,202,000 CNY, with a minimum exit price established in the reduction agreement [2][3] Group 2: Revenue of the Target Company - The main business revenue of the target company for the reporting period was 101.61 million CNY and 122.70 million CNY, representing a year-on-year growth of 20.75% [17] - The revenue from optical sensors increased by 1.48 million CNY, with a growth rate of approximately 28.26%, while MCU chip revenue decreased by 731,420 CNY, with a growth rate of 149.14% [17] - The company has various sales models, including direct shipments and consignment, with revenue recognized based on actual product usage [17] Group 3: Financial Treatment of Shareholder Rights - The company has obligations for share buybacks, which are classified as financial liabilities under accounting standards, affecting the treatment of capital and interest expenses [8][9] - The accounting treatment for buyback obligations is consistent with industry standards, ensuring that liabilities are recognized appropriately [16][17] - The financial treatment of the remaining shares held by shareholders post-reduction aligns with the company's obligations and does not require continued recognition of financial liabilities [10][12] Group 4: Product Sales and Pricing Trends - The sales volume of optical sensors increased by 33.04% year-on-year, while MCU chip sales decreased slightly by 1.18% [23] - The average price of optical sensors decreased to 0.41 CNY per unit, primarily due to the sales of lower-priced models, while MCU chip prices also declined [24] - The average price of touch chips significantly increased, driven by a shift in product mix towards higher-priced items [24]

Group 1 - The company plans to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. through a combination of issuing shares and cash payments to 12 counterparties, including Zhou Qifeng and Li Ying [1][2] - The company received an inquiry letter from the Shanghai Stock Exchange regarding its application for the issuance of shares and cash payment for asset acquisition on July 9, 2025 [1] - The company and related intermediaries have provided detailed explanations and responses to the inquiry letter, revising and supplementing the transaction draft accordingly [2] Group 2 - The transaction is subject to approval from the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission, with uncertainties regarding the approval process and timeline [2] - The company will fulfill its information disclosure obligations in accordance with relevant regulations and requirements based on the progress of the transaction [2]

Core Viewpoint - The company Guangdong Narui Radar Technology Co., Ltd. plans to issue shares and pay cash to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. while raising supporting funds, aiming to enhance its core technology and market competitiveness in the radar industry [1][11]. Group 1: Transaction Overview - The transaction involves issuing shares and paying cash to acquire the entire equity of Tianjin Sigma Microelectronics, with a total transaction price of 370 million yuan [11][12]. - The payment structure consists of 50% cash and 50% shares, with the share issuance price set at 42.93 yuan per share [11][16]. - The transaction is expected to be completed by August 2025, pending regulatory approvals [1]. Group 2: Impact on Business Operations - The acquisition will allow the company to integrate Tianjin Sigma's technology and supply chain resources, enhancing its capabilities in radar system development and maintaining a competitive edge in the market [21][22]. - The company specializes in active phased array radar technology and aims to expand its applications in various fields, including meteorology and public safety [21][22]. Group 3: Financial and Shareholder Implications - The company plans to raise up to 185 million yuan through the issuance of shares to no more than 35 specific investors, which will be used to cover cash payments for the acquisition [19][20]. - The transaction will not adversely affect the interests of the company and its minority shareholders, as the total payment will not exceed the assessed value of the acquired company [16][22]. - The shareholding structure will be adjusted post-transaction, with specific details on the distribution of shares among existing and new shareholders [21].

Core Viewpoint - The company, Guangdong Narui Radar Technology Co., Ltd., plans to issue shares and pay cash to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. and raise supporting funds, with a total transaction value of 370 million yuan [11][12][15]. Group 1: Transaction Overview - The transaction involves issuing shares and paying cash to 12 counterparties, including Zhou Qifeng, Li Ying, and Tianjin Good Hope Microelectronics Technology Partnership [11][12]. - The payment structure consists of 50% in shares and 50% in cash for the acquisition of Tianjin Sigma Microelectronics [11][12]. - The estimated value of Tianjin Sigma's 100% equity is 370 million yuan, with differentiated pricing for various counterparties based on their initial investment costs [12][15]. Group 2: Business Impact - The acquisition aims to enhance the company's core technology in active phased array radar systems and improve its competitive edge in the radar market [23]. - The target company specializes in the research, design, and sales of integrated circuits, including optical sensors and MCU chips, which will complement the company's existing radar technology [23]. - The transaction is expected to strengthen the company's supply chain and technology integration, moving from component-level integration to chip-level collaboration [23]. Group 3: Fundraising Details - The company plans to raise up to 185 million yuan through the issuance of shares to no more than 35 specific investors, with all funds allocated to cash payments for the acquisition [18][22]. - The shares issued for fundraising will be subject to a six-month lock-up period post-issuance [22]. Group 4: Shareholder Structure Changes - The transaction will result in changes to the company's shareholder structure, with specific adjustments in shareholding percentages for existing shareholders following the issuance of new shares [23].

Core Viewpoint - Guangdong Nairui Radar Technology Co., Ltd. plans to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds [1][2]. Group 1: Transaction Details - The company received an inquiry letter from the Shanghai Stock Exchange regarding the application for the transaction on July 9, 2025 [1]. - The company has conducted thorough verification and responses to the inquiries raised in the letter and has revised the draft report accordingly, which was disclosed on August 30, 2025 [2]. - The revised draft report includes updates on the company's registered capital and related business registration procedures, as well as the deletion of outdated expressions in accordance with the updated company articles [2]. Group 2: Report Revisions - The revised draft report provides additional disclosures regarding accounting treatment and its impact on the listed company [2]. - It includes a quarterly classification of the target company's main business income during the reporting period [2]. - Updates were made to the profit distribution policy based on the changes in the company's articles of association [2].

关于广东纳睿雷达科技股份有限公司发行股份及支 付现金购买资产并募集配套资金申请的审核问询函 之回复报告 独立财务顾问 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年八月 上海证券交易所： 广东纳睿雷达科技股份有限公司（以下简称"公司""上市公司"或"纳睿 雷达"）收到贵所于 2025 年 7 月 9 日下发的《关于广东纳睿雷达科技股份有限公 司发行股份及支付现金购买资产并募集配套资金申请的审核问询函》（上证科审 （并购重组）〔2025〕23 号）（以下简称"问询函"），公司已会同中信证券股份有 限公司（以下简称"中信证券""独立财务顾问"）、广东精诚粤衡律师事务所（以 下简称"精诚粤衡律师""律师"）、天健会计师事务所（特殊普通合伙）（以下简 称"天健会计师""审计机构"）、联合中和土地房地产资产评估有限公司（以下 简称"联合中和评估""评估机构"）进行了认真研究和落实，并按照《问询函》 的要求对所涉及的问题进行了回复，现提交贵所，请予审核。 除非文义另有所指，本问询函回复中的简称与《广东纳睿雷达科技股份有限 公司发行股份及支付现金购买资产并募集配套资金报告书（草案）》（以下简称"报 ...

股票代码：688522 股票简称：纳睿雷达 上市地点：上海证券交易所 独立财务顾问 二〇二五年八月 套资金 不超过 35 名符合条件的特定投资者 上市公司声明 广东纳睿雷达科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 报告书（草案）摘要（修订稿） 本公司及全体董事、监事、高级管理人员保证重组报告书及本报告书摘要内 容的真实、准确、完整，对重组报告书及本报告书摘要的虚假记载、误导性陈述 或重大遗漏负相应的法律责任。 | 交易对方类型 | 交易对方名称 | | --- | --- | | | 周奇峰、李颖、天津好希望微电子技术合伙企业（有限合 | | 发行股份及支付 | 伙）、李志谦、深圳市聚仁诚长信息技术企业（有限合伙） | | 现金购买资产 | 等 名交易对方 12 | | 发行股份募集配 | | 本公司控股股东、实际控制人及一致行动人、全体董事、监事、高级管理人 员承诺：如本次交易因涉嫌所提供或者披露的信息存在虚假记载、误导性陈述或 者重大遗漏，被司法机关立案侦查或者被中国证券监督管理委员会立案调查的， 在案件调查结论明确之前，将暂停转让在上市公司直接或间接拥有权益的股份， 并于收到立案稽查通 ...

股票代码：688522 股票简称：纳睿雷达 上市地点：上海证券交易所 广东纳睿雷达科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 报告书（草案） | （修订稿） | | | | | | --- | --- | --- | --- | --- | | 交易对方类型 | 交易对方名称 | 周奇峰、李颖、天津好希望微电子技术合伙企业（有限合伙）、 | | | | 发行股份及支付 | 李志谦、深圳市聚仁诚长信息技术企业（有限合伙）等 | 名 | 12 | 现金购买资产 | 独立财务顾问 交易对方 发行股份募集配 套资金 不超过 35 名符合条件的特定投资者 二〇二五年八月 上市公司声明 本公司及全体董事、监事、高级管理人员保证本报告书及其摘要内容的真实、 准确、完整，并对报告书及其摘要的虚假记载、误导性陈述或重大遗漏负相应的 法律责任。 本公司控股股东、实际控制人及一致行动人、全体董事、监事、高级管理人 员承诺：如本次交易因涉嫌所提供或者披露的信息存在虚假记载、误导性陈述或 者重大遗漏，被司法机关立案侦查或者被中国证券监督管理委员会立案调查的， 在案件调查结论明确之前，将暂停转让在上市公司直接或间接拥有权 ...

广东纳睿雷达科技股份有限公司（以下简称"公司"）拟以发行股份及支付现金 的方式向周奇峰、李颖、天津好希望微电子技术合伙企业（有限合伙）等 12 名交易 对方购买天津希格玛微电子技术有限公司的 100%股权，并同时募集配套资金（以下 简称"本次交易"）。 公司于 2025 年 7 月 9 日收到上海证券交易所出具的《关于广东纳睿雷达科技股 份有限公司发行股份及支付现金购买资产并募集配套资金申请的审核问询函》（上证 科审（并购重组）〔2025〕23 号）（以下简称"《审核问询函》"）。 公司及相关中介机构根据《审核问询函》的要求，就相关事项进行了逐项说明、 论证和回复，并对本次交易草案进行了相应的修订、补充和完善。具体内容详见公司 同日在上海证券交易所网站（www.sse.com.cn）披露的《关于广东纳睿雷达科技股份 有限公司发行股份及支付现金购买资产并募集配套资金申请的审核问询函之回复报 告》等文件。 证券代码：688522 证券简称：纳睿雷达 公告编号：2025-062 号 广东纳睿雷达科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金申请 的审核问询函回复的公告 本公司董事会及全体董事保证本公 ...

证券代码：688522 证券简称：纳睿雷达 公告编号：2025-063 号 广东纳睿雷达科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金报告 书（草案）（修订稿）修订说明的公告 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。 相较于 2025 年 6 月 27 日披露的《广东纳睿雷达科技股份有限公司发行股份及支 付现金购买资产并募集配套资金报告书（草案）（申报稿）》，草案（修订稿）对部分 内容进行了补充和修订，主要补充和修订内容如下： | 重组报告书章节 | | 修订情况说明 | | --- | --- | --- | | 重大事项提示 | | 1、对本次交易设置业绩奖励的原因、依据及合理性，相 | | | | 关会计处理及对上市公司的影响进行了补充披露；2、根 | | | | 据上市公司《公司章程》更新情况删除了监事会表述 | | 第二节 | 上市公司基本情况 | 更新了上市公司的注册资本以及相应工商变更登记程序 | | | | 完成情况 | | 第八节 | 本次交易的合规性分析 | 根据上市公司《公司章程》更 ...