茂硕电源: 茂硕电源科技股份有限公司收购报告书

Core Viewpoint - The acquisition of Maoshuo Power Technology Co., Ltd. by Jinan Industrial Investment Holding Co., Ltd. involves a non-compensatory transfer of state-owned equity, resulting in Jinan Industrial Investment indirectly holding over 30% of the shares, thus triggering mandatory tender offer obligations under relevant regulations [1][2][13]. Group 1: Acquisition Details - The acquisition involves the transfer of 98.47% equity of Jinan Industrial Development Investment Group Co., Ltd. to Jinan Industrial Investment Holding Co., Ltd. without compensation [2][10]. - Following the acquisition, Jinan Industrial Investment will indirectly control 43.46% of Maoshuo Power's shares, becoming its indirect controlling shareholder [12][13]. - The acquisition is exempt from the requirement to issue a tender offer due to government approval for the non-compensatory transfer of state assets [2][13]. Group 2: Regulatory Compliance - The acquisition has been prepared in accordance with the Company Law, Securities Law, and relevant regulations, ensuring full disclosure of the shareholding situation [1][2]. - Necessary authorizations and approvals have been obtained for the acquisition, and it does not conflict with the internal rules of the acquirer [1][2]. - The acquisition is subject to further registration with government market supervision departments [2][11]. Group 3: Financial Overview of the Acquirer - Jinan Industrial Investment Holding Co., Ltd. has a registered capital of 3.5 billion RMB and is wholly owned by the Jinan State-owned Assets Supervision and Administration Commission [5][10]. - The financial data for the last three years shows total assets of approximately 25.45 billion RMB as of the end of 2024, with total liabilities of 9.05 million RMB [7][10]. - The net profit for 2023 was reported at 10.54 million RMB, while the net profit for 2024 is projected to be a loss of 1.17 million RMB [7][10]. Group 4: Future Plans and Commitments - There are no plans for significant changes to the main business or major asset disposals within the next 12 months following the acquisition [10][14]. - The acquirer has committed to maintaining the independence of Maoshuo Power in terms of assets, personnel, finance, and operations [17][19]. - The acquirer has pledged to avoid any conflicts of interest and ensure fair transactions with Maoshuo Power during its control period [19][20].