Core Viewpoint - Defu Technology has decided to terminate its plan to issue A-shares to specific investors for the year 2025, primarily due to the cancellation of its major investment project, the acquisition of 100% equity in a Luxembourg copper foil company [2] Group 1: Termination of A-Share Issuance - On January 15, Defu Technology announced the termination of its plan to issue A-shares for the year 2025, which was initially approved on September 16, 2025, with a fundraising target of no more than 1.93 billion yuan [2] - The net proceeds from the planned issuance were intended for the acquisition of the Luxembourg copper foil project, electronic chemical products for copper foil additives, and to supplement working capital [2] - The board of directors decided to terminate the issuance after a careful assessment, as the main investment project, the acquisition of the Luxembourg copper foil company, has been canceled [2] Group 2: New Domestic Acquisition Plan - Concurrently with the termination of the overseas acquisition, Defu Technology announced a new domestic acquisition plan on January 11 [2] - The company signed a letter of intent to acquire at least 51% equity in Anhui Huiru Technology Co., Ltd. through cash purchase and capital increase, making Huiru Technology a subsidiary [2] - Huiru Technology specializes in the research, production, and sales of high-performance electrolytic copper foil, with a current annual production capacity of 20,000 tons and established production capabilities [2]
核心收购项目已终止,德福科技终止2025年19.3亿元募资计划