Zheng Quan Zhi Xing·2025-07-04 16:34Core Viewpoint - The report outlines the equity change of Guangdong Lier New Materials Technology Co., Ltd. (Lier Technology) due to an agreement transfer of shares from Guangdong Shiyun Circuit Technology Co., Ltd. (Shiyun Circuit) [1][2] Group 1: Equity Change Details - The equity change involves Shiyun Circuit acquiring 7,759,000 shares of Lier Technology, representing 5.00% of the total share capital, at a price of 19.74 RMB per share, totaling approximately 153.16 million RMB [6][8] - The transfer agreement was signed on July 3, 2025, and the shares are classified as unrestricted circulating shares [10][16] - Following the transfer, Shiyun Circuit will hold 7,759,000 shares, while the controlling shareholder of Lier Technology remains unchanged [10][11] Group 2: Purpose and Future Plans - The purpose of this equity change is to enhance synergy and shareholder returns, particularly in expanding the domestic market for key materials in emerging fields such as intelligent cockpits and advanced driving assistance systems [5] - Shiyun Circuit has no immediate plans to increase its stake in Lier Technology within the next 12 months but may adjust its holdings based on market conditions [5][11] Group 3: Company Information - Shiyun Circuit is based in Guangdong Province, with a registered capital of approximately 658.39 million RMB and operates in the research, production, and sales of circuit boards and electronic components [4] - The company has a diverse shareholder structure, with major shareholders including Guangdong Shunde Holding Group Co., Ltd. and New豪 International Group Co., Ltd. [4]