605178，重大资产重组

Core Viewpoint - Time Space Technology plans to acquire a controlling stake in Jiahe Jingwei, a storage company, through a combination of share issuance and cash payment, marking a significant asset restructuring without changing the actual controller of the company [2][5]. Company Summary - Time Space Technology has identified Zhang Lili and Chen Hui, who are the actual controllers of Jiahe Jingwei, as the primary counterparties for the transaction [5]. - As of September 30, Time Space Technology's stock price was 35.83 yuan per share, with a total market capitalization of 3.55 billion yuan [5]. - The company has suspended trading of its shares since October 9, with an expected suspension period of no more than five trading days [5]. - Prior to this acquisition announcement, Time Space Technology's actual controller had been planning a change in company control, which was later terminated due to a failure to reach agreement on core terms [7]. Industry Summary - Jiahe Jingwei, established in 2012, has completed five rounds of financing and holds a 50.19% stake controlled by Zhang Lili and Chen Hui [7]. - The company specializes in the design, research, production, and sales of DRAM and NAND Flash memory, providing various storage solutions and is recognized as a national high-tech enterprise [7]. - Jiahe Jingwei has over 20,000 square meters of production facilities and significant testing and production capacity, including 5,000 memory module testing machines and a daily chip testing capacity of 500,000 [8]. - The storage industry is currently viewed positively, with global memory chip prices rising and predictions of a "super cycle" in the storage chip industry driven by AI demand [12]. - The global storage market is projected to reach a record high of $193.2 billion by the second half of 2025, fueled by strong demand for AI-related storage applications [12].