UCAP(SH:688228) Zheng Quan Zhi Xing·2025-08-24 18:20Summary of Key Points Core Viewpoint The company, Kaipu Cloud Information Technology Co., Ltd., is planning a significant asset acquisition by purchasing a 70% stake in Nanning Taike Semiconductor Co., Ltd. from Shenzhen Jintaike Semiconductor Co., Ltd. This transaction aims to enhance the company's business scope and competitiveness in the semiconductor storage market. Group 1: Transaction Overview - The company intends to pay cash to acquire a 70% stake in Nanning Taike, which will involve transferring operational assets related to storage products [10][13]. - The final transaction price will be determined based on an evaluation report from a qualified asset appraisal agency, which is still pending [10][14]. - The acquisition is expected to constitute a major asset restructuring, with the projected revenue from the acquired company exceeding 50% of the company's total revenue in 2024 [14]. Group 2: Impact on Business - Post-acquisition, Nanning Taike will become a subsidiary of the company, expanding its business into storage products and enhancing its market influence [16]. - The integration of Nanning Taike's resources, including R&D teams and customer channels, is anticipated to improve the company's asset quality and operational capabilities [18]. - The transaction is structured as a cash payment, which will not affect the company's equity structure or lead to dilution of earnings per share [22]. Group 3: Regulatory and Approval Process - The transaction has received preliminary approval from the company's board and supervisory committee, but further approvals from shareholders and regulatory bodies are required [19][24]. - The company is committed to adhering to all relevant disclosure and procedural regulations to ensure transparency and protect investor interests [22][23]. - The completion of the transaction is subject to the successful conclusion of audits and evaluations, which may introduce uncertainties regarding the final terms [24][25].