Transaction Overview - The company plans to acquire 51% of Fujian Lixing Food Co., Ltd. from its shareholders for a total price of 494.7 million RMB, which will grant the company controlling interest in Lixing Food [1][2] - The transaction is based on the growing diversification in the domestic consumption market, aiming to enhance the company's core competitiveness and achieve strategic development goals [2][16] - The acquisition will not constitute a related party transaction or a major asset restructuring as defined by regulations [2][16] Target Company Information - Fujian Lixing Food Co., Ltd. was established in October 2006 and specializes in the production and distribution of freeze-dried foods, with a focus on OEM/ODM services [5][6] - The company operates 37 freeze-drying production lines and has an annual production capacity of nearly 6,000 tons of various freeze-dried products [6] - Lixing Food's financial data shows total assets of approximately 505.33 million RMB and net assets of about 277.38 million RMB as of June 30, 2025 [6] Financial Aspects - The total valuation of Lixing Food's 100% equity is estimated at 970 million RMB, with the acquisition price for 51% equity set at 494.7 million RMB [8][9] - The financial performance for the first half of 2025 indicates a revenue of approximately 251.11 million RMB and a net profit of around 41.88 million RMB [6] Strategic Implications - The acquisition is expected to diversify the company's product offerings and market reach, particularly into new consumer segments beyond traditional food lovers [16] - By leveraging Lixing Food's sales channels and market resources, the company aims to break existing market limitations and enhance its competitive position [16] Payment Structure - The payment for the acquisition will be made in installments, with 30% paid upon signing the agreement and the remaining 40% contingent on performance commitments over the next three years [10][12] - Performance commitments include achieving a cumulative net profit of no less than 264 million RMB over the three-year period from 2025 to 2027 [11][12]
煌上煌: 关于收购福建立兴食品股份有限公司控股权的公告