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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 [1][3]. Group 1: Acquisition Details - The acquisition involves signing a "Letter of Intent" with nine counterparties, with the transaction price based on an asset evaluation report from a qualified institution [3]. - Kaizhong intends to raise funds from no more than 35 specific investors to finance the acquisition, with all proceeds allocated for the transaction [3]. - The transaction is still in the planning stage, requiring approval from the board, shareholders, and regulatory authorities before implementation [3]. Group 2: Strategic Importance - The acquisition is seen as a strategic move for Kaizhong to address intense industry competition and integrate its supply chain [5]. - Kaizhong's main business focuses on automotive chassis suspension damping components, with a leading technology level and a second-place market share in China [5]. - The company has experienced a slowdown in growth, with a revenue of 564 million yuan and a net profit of approximately 58.29 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 5.12% [5]. Group 3: Market Potential - The NVH (Noise, Vibration, and Harshness) damping and sealing sector presents broader development opportunities compared to Kaizhong's current market [6]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan, specializing in rubber-based NVH damping and sealing components [7]. - The merger is expected to enhance Kaizhong's product line, allowing it to transition from a single component supplier to a comprehensive system service provider, thereby increasing customer value and negotiation power [8][9].