Caitong Securities(SH:601108) Zheng Quan Zhi Xing·2025-09-02 09:16Core Viewpoint - The report outlines the ongoing supervision and compliance of the acquisition process of Yunda Energy Technology Group Co., Ltd. by Zhejiang Electromechanical Group Co., Ltd., highlighting the completion of share issuance and adherence to regulatory requirements [1][2][6]. Group 1: Acquisition Details - Zhejiang Electromechanical Group's shareholding in Yunda Energy will increase from 40.01% to 46.50% after the issuance of new shares [1][2]. - The acquisition complies with the regulations allowing exemption from mandatory tender offers, as approved by the non-related shareholders at the general meeting [2][5]. - The total funds raised from the issuance amount to approximately RMB 699.99 million, with a net capital increase after deducting issuance costs [4][5]. Group 2: Compliance and Governance - Both the acquirer and Yunda Energy have fulfilled their information disclosure obligations as per regulatory requirements during the acquisition process [5][6]. - Yunda Energy has established a sound corporate governance structure and internal control system, with no violations reported during the supervision period [6][11]. - The acquirer has committed to avoiding any competition with Yunda Energy and has adhered to this commitment throughout the supervision period [7][8]. Group 3: Future Plans and Commitments - The acquirer has no immediate plans to change Yunda Energy's main business operations or make significant adjustments to its asset structure [9][10]. - There are no plans for major changes in the board of directors or senior management, although a resignation has been noted [10][11]. - Yunda Energy has announced a three-year dividend plan for 2025-2027, indicating no major changes to its existing dividend policy [12].