Zheng Quan Shi Bao Wang·2025-09-10 15:14Core Viewpoint - The transfer of 15% equity in Jiangsu Wuyang Self-Control Technology Co., Ltd. from current controlling shareholders to Shenzhen Gao Wu Excellence marks a significant change in the company's ownership structure, with implications for its governance and future strategic direction [2][3]. Group 1: Transaction Details - The agreement involves the transfer of 15% equity, with Hou Youfu transferring 8.44% and Cai Min transferring 6.56% of the total share capital [2]. - The total transaction price is 675 million yuan, translating to an approximate share price of 4.03 yuan [2]. - Following the transaction, Gao Wu Excellence will hold 15% of the shares, becoming the new controlling shareholder, with Yao Xiaochun as the actual controller [2][3]. Group 2: Gao Wu Excellence Profile - Gao Wu Excellence was established on August 9, 2024, with a registered capital of 552 million yuan, located in Nanshan District, Shenzhen [2]. - The company operates in fields such as intelligent robotics research and development, automotive parts manufacturing, and industrial control systems [2]. Group 3: Funding and Financial Structure - Gao Wu Excellence has received an investment of 337.5 million yuan from Guangdong Zhongtai Industrial Technology Co., Ltd. and has obtained a bank project acquisition loan intention letter, with financing not exceeding 60% of the transaction price [2]. - The acquisition funds will come from self-owned or self-raised sources, ensuring compliance with regulations regarding the acquisition of listed companies [2]. Group 4: Governance Changes - Post-acquisition, Wuyang Self-Control will undergo a board restructuring, with a new board consisting of 9 directors, including at least 4 nominated by Gao Wu Excellence [4]. - Gao Wu Excellence will also nominate all independent directors and the chairman of the board, and it commits to not transferring its shares in Wuyang Self-Control within 18 months after the acquisition [4]. Group 5: Strategic Intent - Gao Wu Excellence aims to leverage its control over Wuyang Self-Control to enhance the company's business development, profitability, and risk resilience, ultimately benefiting all shareholders [4]. - As of the announcement date, Gao Wu Excellence has no immediate plans to change Wuyang Self-Control's main business, undergo significant asset restructuring, or alter employee hiring plans and dividend policies [4]. Group 6: Shareholder Intentions - Current shareholders Hou Youfu and Cai Min indicated that the share reduction is primarily due to personal financial needs and capital planning, with the possibility of further equity adjustments in the next 12 months [5].