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Core Viewpoint - The company Quzhou Development plans to acquire 95.4559% of Xian Dao Electronics through a share issuance and raise supporting funds, with the stock resuming trading on August 13, 2025 [2][3]. Group 1: Transaction Details - The transaction involves issuing shares to acquire assets from Guangdong Xian Dao Rare Materials Co., Ltd. and 48 other parties, along with raising supporting funds from no more than 35 specific investors [3]. - The total amount of supporting funds raised is capped at 3 billion yuan, which will be used for working capital, debt repayment, project construction, and transaction-related expenses [3]. Group 2: Business Expansion and Strategy - Quzhou Development aims to expand its main business scope and transition towards hard technology manufacturing [4]. - The company operates under a dual business model of "real estate + high-tech investment," using stable cash flow from real estate to support long-term cultivation of high-tech industries [5]. - Xian Dao Electronics specializes in the R&D, production, and sales of advanced PVD sputtering targets and evaporation materials, serving markets such as display panels, advanced photovoltaics, semiconductors, and new solid fuel cells [5]. Group 3: Financial Performance - As of the first quarter of this year, Xian Dao Electronics reported total assets of 16.967 billion yuan and achieved a revenue of 3.431 billion yuan with a net profit of 444 million yuan in 2024 [6][7]. - The financial data shows a total asset increase from 14.487 billion yuan in 2023 to 16.967 billion yuan in 2025, indicating growth in the company's financial health [7].