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Core Viewpoint - Kaizhong Co., Ltd. plans to acquire 60% equity of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, which may constitute a significant asset restructuring [2][5]. Group 1: Acquisition Details - On November 21, Kaizhong signed a "Letter of Intent" with nine counterparties to acquire 60% of Anhui Tuosheng, with the transaction price based on an asset valuation report from a qualified evaluation agency [3]. - The company intends to issue shares to no more than 35 specific investors to raise funds for the transaction [4]. - The acquisition is still in the planning stage, and formal agreements have not yet been signed, with the transaction subject to board and shareholder approval [5]. Group 2: Strategic Importance - The acquisition is seen as a strategic move for Kaizhong to address intense industry competition and integrate its supply chain [6]. - Kaizhong specializes in automotive chassis suspension damping components and lightweight pedal assemblies, holding a leading position in technology and a second-place market share in China [6]. - The company has experienced a slowdown in growth due to limited market size and increasing competition, necessitating the search for new growth avenues [6]. Group 3: Financial Performance - For the first three quarters of 2025, Kaizhong reported revenue of 564 million yuan, a year-on-year increase of 5.43%, while net profit attributable to shareholders decreased by 5.12% to approximately 58.29 million yuan [7]. Group 4: Market Potential - The automotive NVH (Noise, Vibration, and Harshness) damping and sealing sector presents broader development opportunities compared to Kaizhong's current focus [8]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan, specializing in rubber-based NVH damping and sealing components [9]. - The acquisition is expected to allow Kaizhong to expand its product line into the NVH field, enhancing its service offerings and competitive position in the market [12].