Zheng Quan Zhi Xing·2025-05-16 16:26Summary of Key Points Core Viewpoint The article discusses the major asset sale by Wingtech Technology Co., Ltd. to Luxshare Precision Industry Co., Ltd. and its subsidiary, involving the transfer of equity and business assets of several subsidiaries, which constitutes a significant asset restructuring. Group 1: Transaction Overview - The company plans to sell 100% equity of Kunming Wenshin and other subsidiaries to Luxshare Precision for cash, without issuing shares or raising funds [7][9]. - The total transaction value is approximately 4.39 billion yuan, with specific prices for each subsidiary outlined [9][12]. Group 2: Asset Details - The assets being sold include fixed assets and business asset packages from subsidiaries such as Wuxi Wingtech and India Wingtech, with detailed valuations provided [9][10]. - As of December 31, 2024, the book value of the assets from Wuxi Wingtech is 1,600.76 million yuan, and from India Wingtech is 31,122.61 million yuan [9][10]. Group 3: Legal and Regulatory Compliance - The transaction is compliant with relevant laws, including the Company Law and Securities Law, and does not constitute a related party transaction [12][14]. - The restructuring is categorized as a major asset restructuring under the regulations, with specific metrics provided to support this classification [13][14]. Group 4: Future Implications - Post-transaction, the subsidiaries will become part of Luxshare Precision, and the company will maintain its control structure, with no change in the actual controller [14][15]. - The transaction is expected to enhance operational efficiency and market positioning for both companies involved [12][14].