300373，突然宣布：终止收购

Group 1 - Yangjie Technology (300373) announced the termination of the cash acquisition of 100% equity in Dongguan Better Electronics Technology Co., Ltd. (Better Electronics) and related transactions, with all parties amicably terminating the relevant agreements without any breach of contract disputes [1][5] - The direct reason for the termination of the transaction came from Better Electronics, as the major shareholders expressed significant differences in business types, management styles, and corporate cultures during the transaction process, leading to disagreements on future operational philosophies [5] - Yangjie Technology stated that the core purpose of the transaction was to acquire 100% equity in Better Electronics, and the decision by Better Electronics' actual controller and major shareholders directly resulted in the failure to achieve this goal [5][6] Group 2 - Better Electronics specializes in power electronic protection devices, with core products designed to protect against overcurrent, overvoltage, and overheating, serving key sectors such as home appliances, consumer electronics, new energy vehicles, photovoltaics, and energy storage [6] - The company has three major brands: "Better Guardian," "ADLER," and "ASTM," with a product matrix covering over 200 series and more than 9,000 specifications, catering to high, medium, and low-end market demands [6] - Financially, Better Electronics achieved revenue of 837 million yuan and a net profit of 148 million yuan in 2024, continuing a growth trend in Q1 2025 with revenue of 218 million yuan and a net profit of 41.13 million yuan, indicating stable profitability [6][7] Group 3 - Better Electronics applied for listing on the ChiNext board in June 2023 but withdrew the application in August 2024, with a relatively dispersed shareholding structure and no controlling shareholder [7] - The acquisition plan included performance commitments from over 20 parties, represented by Liu Hanhao and Han Lu, to achieve a cumulative net profit of no less than 555 million yuan from 2025 to 2027 [7] - Yangjie Technology previously indicated that Better Electronics' protection components could complement its existing power device products, providing synergistic effects in end-use scenarios and aligning with the company's strategic development direction [7]