Core Viewpoint - Yangjie Technology has decided to terminate the plan to acquire 100% of Bet Electronics through share issuance and cash payment, opting to explore a cash-only acquisition instead due to difficulties in reaching consensus among Bet Electronics' numerous shareholders [1][4][5]. Group 1: Acquisition Details - Yangjie Technology announced on July 3 that it would no longer pursue the share issuance and cash payment method for acquiring Bet Electronics, citing the complexity and length of the process as a reason for the change [1][4]. - The company expressed optimism about the acquisition, indicating that it aligns with their initial expectations and that they will continue to negotiate a cash acquisition [1][2]. - Bet Electronics has a diverse shareholder base, which has made it challenging to achieve agreement among them, leading to the decision to consider a cash acquisition [1][4]. Group 2: Background on Bet Electronics - Bet Electronics specializes in power electronic protection components, focusing on overcurrent and over-temperature protection, which overlaps with Yangjie Technology's product offerings [2]. - The company previously attempted to go public but withdrew its IPO application in August 2024, facing scrutiny from the exchange regarding potential "patchwork listing" issues [3][4]. - Bet Electronics' production capacity utilization rates for its main products have significantly declined from 2021 to 2023, with overcurrent protection components dropping from 96.08% to 81.75% and over-temperature protection components from 93.53% to 48.17% [2][3]. Group 3: Future Considerations - Yangjie Technology plans to negotiate the cash acquisition terms and will present the finalized agreement to its board for approval once consensus is reached [4][5]. - The decision to shift to a cash acquisition is aimed at maintaining company and investor interests, improving transaction efficiency, and reducing costs amid changing capital market conditions [5].

Group 1 - Brother Technology expects a net profit of 60 million to 75 million yuan for the first half of 2025, representing a year-on-year increase of 325% to 431.25% [1] - Zhonggang Luonai's shareholder plans to reduce its stake by 0.5%, amounting to no more than 562,500 shares [1] - Hesheng Silicon Industry's controlling shareholder intends to exchange up to 1% of its shares for ETF units, totaling no more than 11,822,100 shares [1][2] Group 2 - Suotong Development's actual controller plans to reduce its stake by up to 2.21%, equating to no more than 1,098,720 shares [2] - Funeng Technology's shareholder plans to reduce its stake by no more than 1%, totaling up to 12,221,000 shares [2][3] - Yuhua Development expects a net profit of 175 million to 225 million yuan for the first half of 2025, a year-on-year increase of 632% to 784% [4][5] Group 3 - Dingsheng Co. plans to reduce its stake by no more than 1.71%, equating to up to 726,430 shares [5] - Renle's stock has been terminated from listing, officially delisted on July 4, 2025 [6] - Weitang Industrial's controlling shareholder plans to reduce its stake by no more than 1.95%, totaling up to 340,000 shares [7] Group 4 - Yingfeng Environment's convertible bond may trigger a downward adjustment of the conversion price due to stock prices falling below 85% of the conversion price [8] - Jingye Da's actual controller plans to reduce its stake by no more than 3%, equating to up to 694,150 shares [10] - Yongtai Technology and its subsidiary are suing for 57.5193 million yuan in damages [11] Group 5 - *ST Meigu's subsidiary has been applied for bankruptcy liquidation [12] - Daoshi Technology plans to invest up to 165 million USD in a copper wet smelting project in the Democratic Republic of Congo [13] - Xinbo Co.'s actual controller plans to reduce its stake by no more than 1.54%, totaling up to 372,440 shares [14] Group 6 - Yunnan Energy Investment has obtained the development rights for a photovoltaic power generation project with a capacity of 20 MW [15] - Qinglong Pipe Industry's controlling shareholder plans to reduce its stake by no more than 3%, equating to up to 990,970 shares [15] - Yangjie Technology has terminated the share issuance and cash acquisition of Beite Electronics, opting for cash acquisition instead [16] Group 7 - Taijia Co.'s controlling shareholder plans to reduce its stake by no more than 3%, totaling up to 755,210 shares [17] - Songyang Resources has terminated the planning of a control change and will resume trading on July 4, 2025 [19]

Core Viewpoint - Yangjie Technology has decided to terminate the issuance of shares and cash payment for the acquisition of Dongguan Better Electronics Technology Co., Ltd. and will instead negotiate a cash purchase of the target company's shares [1][2][3] Group 1: Transaction Details - The company held board and supervisory meetings on July 3, 2025, where it approved the termination of the share issuance and cash payment for the acquisition [1] - The original plan involved issuing shares and cash to 67 counterparties for 100% of Better Electronics, but this transaction is not expected to constitute a major asset restructuring or related party transaction [1] - The decision to terminate the transaction was made due to changes in the capital market environment and the inability to reach an agreement on transaction conditions with the counterparties [2] Group 2: Future Negotiations - Yangjie Technology signed a cash acquisition intention agreement with the main shareholders of Better Electronics on July 2, 2025, agreeing to negotiate a cash purchase of shares instead [3] - The Shenzhen Stock Exchange has terminated the review of Better Electronics' application for an initial public offering and listing on the Growth Enterprise Market [3] Group 3: Financial Position - As of the end of Q1 2025, Yangjie Technology reported short-term borrowings of 1.265 billion yuan, non-current liabilities due within one year of 473 million yuan, and long-term borrowings of 560 million yuan, totaling interest-bearing liabilities of 2.298 billion yuan [4]

Core Viewpoint - Yangjie Technology has terminated its original plan to acquire Better Electronics through a combination of issuing shares and cash payments, opting instead to pursue a cash acquisition plan [2][3]. Group 1: Acquisition Details - Yangjie Technology signed a cash acquisition intention agreement with six major shareholders of Better Electronics on July 2, 2025, indicating a shift to negotiate a cash purchase of all or part of Better Electronics' shares [3][11]. - The original acquisition plan involved issuing shares and cash to 67 parties for 100% of Better Electronics, but the new plan significantly reduces the number of parties involved to just six [7][8]. - The decision to terminate the original plan was influenced by the changing capital market environment and the inability to reach an agreement on the terms of the share issuance and cash payment [8]. Group 2: Financial Performance - Yangjie Technology reported a revenue of 6.033 billion yuan in 2024, a year-on-year increase of 11.53%, and a net profit of 1.002 billion yuan, up 8.50% [12]. - In the first quarter of 2025, the company continued its growth trajectory with a revenue of 1.579 billion yuan, representing an 18.90% increase year-on-year, and a net profit of 273 million yuan, up 51.22% [12]. Group 3: Market Position and Strategy - Better Electronics specializes in the research, production, and sales of power electronic protection components, which aligns with Yangjie Technology's strategic focus on over-voltage protection products [11]. - The acquisition is expected to enhance Yangjie Technology's market position and competitiveness in the downstream customer segment [11].

Core Viewpoint - Yangjie Technology has terminated its original plan to acquire Better Electronics through a combination of issuing shares and cash, and is now pursuing a cash acquisition plan instead [2][3][4]. Group 1: Acquisition Details - The original acquisition plan involved issuing shares and paying cash to 67 transaction parties for 100% of Better Electronics, but this plan has been abandoned [6][8]. - The new cash acquisition plan will involve negotiations with only six major shareholders of Better Electronics, significantly reducing the number of transaction parties [6][8]. - An intention agreement for the cash acquisition was signed on July 2, 2025, with the specific acquisition amount to be determined based on due diligence and asset evaluation results [10][12]. Group 2: Financial Performance - Yangjie Technology reported a revenue of 6.033 billion yuan in 2024, a year-on-year increase of 11.53%, and a net profit of 1.002 billion yuan, up 8.50% [14]. - In the first quarter of 2025, the company continued its growth trend, with a revenue of 1.579 billion yuan, representing an 18.90% year-on-year increase, and a net profit of 273 million yuan, up 51.22% [14]. Group 3: Market Context - Better Electronics had previously applied for an IPO in June 2023, seeking to raise 550 million yuan, but withdrew its application in August 2024 [12]. - The products of Better Electronics, which include power electronic protection components, align well with Yangjie Technology's strategic direction in the power electronics sector, indicating potential synergies [12].

Group 1 - Yangjie Technology announced the termination of the original plan to acquire 100% equity of Better Electronics through share issuance and cash payment due to changes in the capital market environment and the large number of parties involved [1] - The company will now pursue a cash acquisition of all or part of Better Electronics' equity, aiming to expedite the transaction process and avoid the complexities of share issuance [1] - Better Electronics, established in 2003, has developed a comprehensive product system covering circuit protection components, with a market share of over 30% in the BMS fuse market for new energy vehicles [1] Group 2 - Better Electronics' IPO application was accepted in June 2023 but was withdrawn in August 2024 after failing to respond to regulatory inquiries in a timely manner, raising concerns about the sustainability of its performance growth [2] - The adjustment in Yangjie Technology's acquisition strategy may help accelerate the transaction and mitigate uncertainties associated with the IPO review process [2]

Group 1 - The company has decided to terminate the plan to issue shares and pay cash for the acquisition of 100% of Dongguan Beite Electronics Technology Co., Ltd. due to changes in the capital market environment and difficulties in reaching an agreement with the transaction parties [1][2] - The decision was made after careful consideration of the current situation, including the progress of negotiations and audit evaluations, with the aim of protecting the interests of the company and its investors [2] - The company will negotiate to acquire all or part of the equity of the target company in cash, with specific transaction details to be submitted to the board of directors for approval [2] Group 2 - The meeting of the supervisory board was held on July 3, 2025, with all three supervisors present, and the resolution to terminate the acquisition plan was passed unanimously [1][2] - The company had initially announced the acquisition plan on March 27, 2025, which involved issuing shares and paying cash to 67 transaction parties [1]

Core Viewpoint - Yangjie Technology has decided to terminate the issuance of shares and cash payment for the acquisition of 100% equity in Better Electronics due to changes in the capital market environment, lack of consensus between parties, and the expectation that the transaction could not be completed within the year [1] Group 1 - The company announced the termination of the planned acquisition of Better Electronics [1] - The reasons for termination include changes in the capital market environment and failure to reach an agreement between the parties involved [1] - The company plans to negotiate a cash-based acquisition of all or part of the equity of the target company [1]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300373 证券简称：扬杰科技 公告编号：2025-050 扬州扬杰电子科技股份有限公司 第五届董事会第十七次会议决议公告 公司董事会授权公司管理层办理本次交易终止相关事宜。 具体内容详见公司于 2025 年 7 月 3 日在巨潮资讯网（www.cninfo.com.cn） 上披露的《关于继续磋商以现金方式购买资产及终止发行股份、支付现金购买资 产并募集配套资金事项的公告》（公告编号：2025-052）。 本议案已经公司独立董事专门会议审议通过。 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 7 月 1 日以 电子邮件和电话的方式发出关于召开公司第五届董事会第十七次会议的通知，会 议于 2025 年 7 月 3 日上午 9：00 以通讯方式召开。 本次会议应到董事 9 人，实到董事 9 人。会议由董事长梁勤女士主持，公司 部分监事、高级管理人员列席了会议。本次会议的召开符合《中华人民共和国公 司法》和《公司章程》的有关规定。经与会董事审议，形成如下决议： 一、审议通过了《关于终止发 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-052 扬州扬杰电子科技股份有限公司 关于继续磋商以现金方式购买资产及终止发行股份、 支付现金购买资产并募集配套资金事项的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 扬州扬杰电子科技股份有限公司（以下简称"公司"或"扬杰科技"）于 2025 年 7 月 3 日分别召开第五届董事会第十七次会议和第五届监事会第十七次会议，审 议通过了《关于终止发行股份及支付现金购买资产并募集配套资金的议案》，同意公 司终止本次发行股份及支付现金购买资产并募集配套资金事项。现将相关情况公告 如下： 二、本次交易期间的相关工作 （一）本次交易的历史披露情况 经公司向深圳证券交易所申请，公司股票（证券简称：扬杰科技；证券代码： 300373）自 2025 年 3 月 13 日（星期四）开市起停牌，具体内容详见公司于 2025 年 3 月 13 日披露的《关于筹划发行股份及支付现金购买资产并配套募集资金事项的停 牌公告》（公告编号：2025-009）。停牌期间，公司按照相关规定披露了《关于筹划 发行股份及支付现金购 ...