BIYI(SH:603215) Zheng Quan Zhi Xing·2025-06-20 09:43Core Viewpoint - Zhejiang Biyi Electric Co., Ltd. has decided to waive its preferential rights for the transfer and subscription of shares in its associate company, Shanghai Lipai Optical Technology Co., Ltd., which constitutes a related party transaction [1][4]. Summary by Sections 1. Overview of Related Party Transaction - The company holds a 4.9741% stake in Shanghai Lipai Optical Technology Co., Ltd. and plans to waive its preferential rights in the upcoming share transfer and capital increase [1][2]. - The transaction involves Biyi Group Ltd., the company's controlling shareholder, and other parties, with the aim of facilitating the production of AR glasses in the company's facilities [2][3]. 2. Details of the Share Transfer - The original shareholder, Shanghai Kaifeng Kaitai Venture Capital Partnership, intends to transfer 1.9091 million RMB of registered capital, corresponding to a 1.0314% equity stake, to the transaction parties [2][3]. - Biyi Group will invest 2.553191 million RMB to acquire 0.6584% of the equity [3]. 3. Details of the Capital Increase - A new round of financing will raise 43 million RMB, with Biyi Group contributing 27.446809 million RMB for a 3.2490% stake in the increased registered capital [3][6]. - After the capital increase, the registered capital of Lipai Optical will change to 195.0196 million RMB [3]. 4. Impact on Company Holdings - Post-transaction, the company's stake in Lipai Optical will decrease to 4.7209% [13]. - The transaction does not constitute a major asset restructuring and will not affect the company's consolidated financial statements or operational results significantly [4][14]. 5. Related Party Information - Biyi Group is identified as the controlling shareholder and is classified as a related party under relevant stock exchange rules [4][5]. - The company has engaged in over 30 million RMB of related party transactions with Biyi Group in the past 12 months [2][4]. 6. Valuation and Pricing - The valuation of Lipai Optical's total equity was assessed at approximately 718.9352 million RMB based on a report from Kunshan Zhongxin Asset Appraisal [6][5]. - The pricing for the share transfer was determined through negotiation among the parties involved, ensuring fairness and compliance with legal standards [6].