Zheng Quan Zhi Xing·2025-08-31 10:13Core Viewpoint - The company plans to acquire 97.4988% equity of Huali Microelectronics through a combination of issuing shares and cash payments, leading to a significant increase in its stock price prior to the trading suspension [1][2] Group 1: Transaction Details - The company intends to purchase the equity from four shareholders, including Shanghai Huahong (Group) Co., Ltd. and others [1] - Trading suspension was requested from August 18, 2025, due to the transaction planning [1] - The closing price before the suspension on July 18, 2025, was 52.93 CNY per share, while the closing price on August 15, 2025, was 78.50 CNY per share, marking a cumulative increase of 48.31% [1] Group 2: Stock Performance Analysis - Over the 20 trading days prior to the suspension, the company's stock price increased by 48.31%, while the STAR 50 Index rose by 9.31% and the semiconductor industry index increased by 10.78% [1] - After excluding the impact of the broader market, the stock price's cumulative increase was 39.00%, and after excluding the influence of the industry sector, the increase was 37.53% [1] Group 3: Compliance and Confidentiality - The company has implemented necessary confidentiality measures during the transaction planning process, limiting the knowledge of sensitive information [2] - Compliance with legal and regulatory requirements has been ensured, including the submission of relevant materials to the Shanghai Stock Exchange [2]