Wuhan Lin(SH:688667) Zheng Quan Zhi Xing·2025-06-09 10:23Core Viewpoint - Wuhan Lingdian Automotive Control System Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss various proposals related to the acquisition of assets through the issuance of shares and cash payment. Group 1: Meeting Procedures and Regulations - The meeting will ensure the orderly conduct and efficiency of the proceedings, requiring attendees to verify their identity and sign in 30 minutes before the meeting starts [2][3]. - Attendees have the right to speak, inquire, and vote, but must register in advance for speaking and adhere to time limits [3][4]. - The voting will be conducted through a combination of on-site and online methods, with specific time frames for online voting [6][7]. Group 2: Proposals for Asset Acquisition - The company plans to acquire 98.4260% of Jiangsu Aoyikes Automotive Electronics Technology Co., Ltd. through a combination of share issuance and cash payment, with a total transaction value of 477.6 million yuan [13][14]. - The share issuance price is set at 35.71 yuan per share, which is above the minimum required price based on the average trading price of the company's shares [16][17]. - The total number of shares to be issued for this transaction is 12,573,664 shares [18]. Group 3: Compliance and Regulatory Matters - The board of directors has determined that the transaction does not constitute a major asset restructuring as defined by relevant regulations, as the financial metrics do not exceed 50% of the company's total [25][26]. - The transaction is also confirmed not to involve any related party transactions, ensuring compliance with the relevant stock exchange rules [27]. - The company has established that the transaction will not lead to a change in actual control, maintaining the current control structure [29]. Group 4: Performance Commitments and Lock-up Periods - Performance commitments are established for certain parties involved in the transaction, with a lock-up period of 36 months for those who are responsible for performance guarantees [19]. - Other parties will have varying lock-up periods ranging from 6 to 12 months depending on their involvement in the transaction [19]. Group 5: Legal and Regulatory Approvals - The transaction is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, with necessary legal documents to be submitted [23][24]. - The company will assist in the necessary procedures for the issuance and registration of shares related to the transaction [23].