Zheng Quan Zhi Xing·2025-07-08 16:19Core Viewpoint - The company intends to acquire 5% equity in Lair Technology to enhance strategic cooperation in various fields including automotive electronics, new energy batteries, and AI servers, with a total transaction value of approximately 153.16 million RMB at a price of 19.74 RMB per share [1][7][11]. Group 1: Transaction Overview - The company signed a share transfer agreement with Ternel Investment to acquire 7,759,000 shares of Lair Technology, representing 5% of its total equity [1]. - The total transfer price is set at 153,162,660 RMB, with a per-share price of 19.74 RMB [7][11]. - The transaction is classified as a related party transaction due to the company's connection with De Xin Venture Capital, which holds 0.50% of Lair Technology [2][3]. Group 2: Related Party Relationships - Prior to the transaction, the company did not hold any shares in Lair Technology, while De Xin Venture Capital is a related party due to shared control by the local state-owned assets supervision and administration [2][4]. - The transaction does not require shareholder approval as it does not exceed the threshold of 30 million RMB in related party transactions within the past 12 months [2][3]. Group 3: Financial and Operational Context - Lair Technology reported total assets of 1.45 billion RMB and total liabilities of 373 million RMB as of December 31, 2024, with a net profit of 37 million RMB for the same year [6]. - The company achieved a revenue of 526 million RMB in 2024, reflecting a year-on-year growth of 19.95% [6]. - The first quarter of 2025 saw Lair Technology generate 165 million RMB in revenue, a 65.94% increase compared to the same period in the previous year [6]. Group 4: Strategic Rationale - The acquisition aims to foster collaboration in automotive electronics and new energy sectors, leveraging Lair Technology's advanced materials and technologies [12]. - The partnership is expected to enhance supply chain resilience and improve bargaining power through joint procurement of raw materials [12]. - The company plans to nominate one director to Lair Technology's board following the completion of the transaction, indicating a strategic interest in governance [8][10].