Core Viewpoint - Tianyi Ma plans to acquire 98.5632% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd. through a combination of share issuance and cash payment, along with raising supporting funds, which is expected to constitute a significant asset restructuring and related party transaction [2][4]. Group 1: Transaction Details - The total consideration for the acquisition is approximately 1.2 billion yuan, with 582 million yuan paid in shares and 606 million yuan in cash [4]. - The transaction involves 21 shareholders of Xingyun Kaiwu, including Chen Genghao, as the counterparties for the share issuance and cash payment [4]. Group 2: Company Overview - Xingyun Kaiwu is a leading provider of digital services for smart self-service devices, focusing on integrated solutions of "IoT smart hardware + SaaS cloud platform" aimed at digital upgrading of the self-service device industry [4]. - Tianyi Ma has been integrating new-generation information technologies such as IoT, big data, cloud computing, and artificial intelligence, successfully implementing various application products and solutions across different sectors [5]. Group 3: Strategic Implications - The acquisition is expected to create complementary and synergistic effects in areas such as industry chain layout, technology research and development, market expansion, and product iteration [5]. - This move will enhance Tianyi Ma's capabilities in the digital service sector for smart self-service devices, allowing for deeper integration of information technology services and expanding the company's overall sales scale [5]. Group 4: Financial Performance - In the first three quarters of this year, Tianyi Ma reported revenue of 228 million yuan, a year-on-year increase of 46.6%, and a net profit attributable to shareholders of 4.19 million yuan, up 119.8% year-on-year [5]. - As of November 18, Tianyi Ma's stock closed at 62.3 yuan per share, with a total market capitalization of 4.2 billion yuan [5].

Core Points - Two companies, Huiyuan Communication and Hualan Group, are undergoing changes in control and will resume trading on November 19, 2025 [2][3] - Aik Shares is planning to issue shares to acquire assets and will be suspended from trading starting November 19, 2025 [5] - ST Zhengping's stock has seen a significant increase of 221.93% from September 1 to November 18, 2025, leading to a suspension for verification [6] - Tianyima plans to acquire 98.5632% of Xingyun Kaiwu for 1.1885 billion yuan and will issue shares to raise up to 155 million yuan [9] Group 1: Control Changes - Huiyuan Communication plans to issue up to 53.65 million shares at 11.37 yuan per share, raising a total of up to 610 million yuan, with the proceeds used for working capital [2] - Hualan Group's actual controllers will transfer a total of 851.13 million shares (5.79% of total shares) to Xutong Investment at a price of 20.41 yuan per share, totaling 174 million yuan [3] Group 2: Suspensions and Resumptions - Aik Shares will be suspended from trading as it plans to issue shares and cash to acquire Dongguan Silicon Xiang Insulation Materials Co., Ltd. [5] - ST Zhengping's stock will be suspended for verification due to its stock price significantly deviating from fundamentals [6] - ST Dongyi has completed its verification work and will resume trading on November 19, 2025 [11] Group 3: Major Asset Restructuring - Tianyima is planning a major asset restructuring by acquiring a majority stake in Xingyun Kaiwu for 1.1885 billion yuan [9] - Meng Tian Home has terminated its asset restructuring and control change plans, leading to its resumption of trading [9] Group 4: Fundraising Activities - Jin An Guo Ji plans to raise up to 1.29995 billion yuan through a private placement for a high-grade copper-clad laminate project [9] - Wan Tong Technology is also planning a private placement to raise up to 920 million yuan for working capital [9]

Core Viewpoint - Tianyi Ma plans to acquire 98.5632% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd. and raise supporting funds through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring and related party transaction [2][4]. Group 1: Transaction Details - The total consideration for the acquisition is approximately 1.2 billion yuan, with 582 million yuan paid in shares and 606 million yuan in cash [4]. - The transaction involves 21 shareholders of Xingyun Kaiwu, including Chen Genghao, as the counterparties [4]. Group 2: Company Overview - Xingyun Kaiwu is a leading provider of digital services for smart self-service devices, focusing on integrated solutions of "IoT smart hardware + SaaS cloud platform" [4]. - Tianyi Ma has been integrating new information technologies such as IoT, big data, cloud computing, and artificial intelligence into various applications, serving government departments and enterprises [4]. Group 3: Strategic Implications - The acquisition is expected to create complementary and synergistic effects in areas such as industry chain layout, technology research and development, market expansion, and product iteration [5]. - The company aims to deepen its business in the digital services for smart self-service devices, enhancing its performance growth and overall sales scale [6]. Group 4: Financial Performance - In the first three quarters of the year, Tianyi Ma achieved revenue of 228 million yuan, a year-on-year increase of 46.6%, and a net profit attributable to shareholders of 4.19 million yuan, up 119.8% year-on-year [6].

Key Points - The article highlights significant announcements from various companies, including acquisitions, project investments, and share buybacks [1][2] Company Announcements - Zhenai Meijia has no asset restructuring plans for the next twelve months [1] - Geer Software's quantum-resistant encryption products are still in the standardization and pilot application phase, indicating a distance from large-scale commercialization [1] - Xianiao New Energy plans to invest 1.525 billion yuan to construct a project with an annual production capacity of 50,000 tons of high-performance battery materials [1] - Gao Neng Environment has won a contract for a waste-to-energy project in Thailand [1] - Wei Hua New Material intends to acquire 70% of He Yu Tai for 154 million yuan [1] - Zanyu Technology has completed a share buyback of 1.9751% of its shares [1][2] - Aibulu's actual controller plans to reduce his stake by no more than 3% [2] - Wantong Technology plans to raise no more than 920 million yuan through a private placement [2] - Huiyuan Communication aims to raise no more than 610 million yuan through a private placement [1][2]

Core Viewpoint - Tianyi Ma (301178) plans to acquire 98.5632% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd. for a transaction price of 1.189 billion yuan, aiming to enhance digital transformation in the self-service equipment industry [1] Group 1: Transaction Details - The acquisition will be executed through a combination of share issuance and cash payment [1] - The company intends to raise up to 155 million yuan in supporting funds from one of its actual controllers, Ma Xuepei [1] Group 2: Target Company Overview - Xingyun Kaiwu is a provider of digital services for intelligent self-service equipment, focusing on integrated solutions of "IoT smart hardware + SaaS cloud platform" [1] - The target company aims to facilitate the digital upgrade of the self-service equipment industry [1] Group 3: Strategic Implications - The transaction is expected to create complementary and synergistic effects between the listed company and the target in areas such as industry chain layout, technology research and development, market expansion, and product iteration [1]

Group 1 - The company Tianyima (SZ 301178) held its fourth board meeting on November 18, 2025, to discuss the reappointment of the auditing firm for the fiscal year 2025 [1] - For the first half of 2025, Tianyima's revenue composition is as follows: Smart Enterprises 29.84%, Computing Power Services 20.65%, Smart Government 19.13%, Smart Education 14.28%, New Energy Power 6.0%, and Rail Transit 5.31% [1] - As of the report date, Tianyima's market capitalization is 4.2 billion yuan [1]

证券代码：301178 证券简称：天亿马 公告编号：2025-099 广东天亿马信息产业股份有限公司 关于股东权益变动的提示性公告 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、误导性陈述或者重大遗漏。 广东天亿马信息产业股份有限公司（以下简称"公司"）拟通 过发行股份及支付现金的方式购买广东星云开物科技股份有限公司 （以下简称"标的公司"）98.5632%股权（以下简称"标的资产"） 并募集配套资金（以下简称"本次交易"）。 公司董事会就本次交易方案进行了认真、审慎分析，现将本次 交易涉及的公司股东权益变动情况公告如下： 一、本次权益变动基本情况 2025 年 11 月 18 日，公司召开第四届董事会第三次会议，审议 通过了《关于<广东天亿马信息产业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暨关联交易报告书（草案）>及其摘要的 议案》等与本次交易相关的议案，并在指定信息披露媒体进行披露。 公司拟通过发行股份及支付现金的方式向陈耿豪、南通成为常 青股权投资合伙企业（有限合伙）（以下简称"南通成为常青"）、 珠海广发信德科文创业投资基金（有限合伙）（以下简称"广发信 德科 ...

Group 1 - The company Tianyima plans to acquire 98.5632% equity of Xingyun Kaiwu from 21 parties through a combination of share issuance and cash payment, with a transaction price of 1.1885053 billion yuan [1] - The target company is a leading provider of digital services for smart self-service devices, focusing on integrated solutions of "IoT smart hardware + SaaS cloud platform" [2] - The acquisition is expected to create complementary and synergistic effects in areas such as industry chain layout, technology research and development, market expansion, and product iteration [2] Group 2 - The transaction will enable the company to further expand its business in the digital services field for smart self-service devices, enhancing its deep layout around information technology services [2] - The company aims to strengthen its research and development capabilities in digital services for smart self-service devices, optimize its industry chain layout, and expand application scenarios to better meet diverse customer needs [2] - This strategic move is anticipated to increase the company's overall sales scale, enhance its sustainable profitability, and strengthen its core competitiveness, ultimately benefiting all shareholders [2]

国泰海通证券股份有限公司 关于广东天亿马信息产业股份有限公司本次交易 产业政策和交易类型的核查意见 经核查，独立财务顾问认为：本次资产重组涉及的行业与企业属于《国务 院关于促进企业兼并重组的意见》和工信部等十二部委《关于加快推进重点行 业企业兼并重组的指导意见》中的"电子信息"行业；亦属于中国证监会《监 管规则适用指引——上市类第 1 号》中的"新一代信息技术"行业。 二、本次重大资产重组所涉及的交易类型是否属于同行业或上下游并购， 是否构成借壳上市 1、本次重大资产重组所涉及的交易类型属于同行业或上下游并购，不构成 借壳上市 上市公司、标的公司所处行业均属于"软件和信息技术服务业"（分类代 码 I65），上市公司与标的公司处于同行业。 经核查，独立财务顾问认为：本次交易属于同行业并购。 2、本次交易不构成《上市公司重大资产重组管理办法》第十三条规定的重 组上市 广东天亿马信息产业股份有限公司（以下简称"上市公司"或"公司"） 拟通过发行股份及支付现金的方式购买广东星云开物科技股份有限公司（以下 简称"标的公司"）98.5632%股权并募集配套资金（以下简称"本次交易"）。 国泰海通证券股份有限公司（以下简称 ...

国泰海通证券股份有限公司 关于广东天亿马信息产业股份有限公司本次交易 符合《关于加强证券公司在投资银行类业务中聘请第三方等廉洁从业 风险防控的意见》相关规定的核查意见 广东天亿马信息产业股份有限公司（以下简称"上市公司"）拟通过发行股 份及支付现金方式购买广东星云开物科技股份有限公司 98.5632%股权并募集配 套资金（以下简称"本次交易"）。 国泰海通证券股份有限公司（以下简称"独立财务顾问"）作为上市公司本 次交易之独立财务顾问，按照中国证券监督管理委员会《关于加强证券公司在投 资银行类业务中聘请第三方等廉洁从业风险防控的意见》（证监会公告［2018］ 22 号）的规定，就独立财务顾问及上市公司在本次交易中聘请第三方机构或个 人（以下简称"第三方"）的行为进行核查，具体情况如下： 一、独立财务顾问不存在各类直接或间接有偿聘请第三方的行为 本次交易中，独立财务顾问在本次交易中不存在各类直接或间接有偿聘请第 三方行为，亦不存在未披露的聘请第三方行为，符合《关于加强证券公司在投资 银行类业务中聘请第三方等廉洁从业风险防控的意见》相关规定的要求。 二、本次交易中上市公司有偿聘请第三方的核查 独立财务顾问对本次交 ...