TONGWEI CO.,LTD(SH:600438) Mei Ri Jing Ji Xin Wen·2026-02-24 15:13Core Viewpoint - Tongwei Co., Ltd. is planning to acquire 100% equity of Qinghai Lihua Qingneng Co., Ltd. through a combination of share issuance and cash payment, while raising matching funds. This transaction is not expected to change the controlling shareholder or actual controller of the company and does not constitute a related party transaction or a major asset restructuring [2]. Group 1 - The acquisition will lead to a temporary suspension of trading for Tongwei's A-shares, convertible bonds, and the conversion of convertible bonds starting from February 25, 2026, with an expected suspension period of no more than 10 trading days [2][6]. - Qinghai Lihua Qingneng, established in April 2021, focuses on the R&D, production, and sales of photovoltaic-grade high-purity silicon and electronic-grade polysilicon [2]. - The company is located in the Nanchuan Industrial Park of Xining Economic and Technological Development Zone, with a planned total investment of 20 billion yuan to build a production project with an annual capacity of 200,000 tons of photovoltaic-grade high-purity silicon and 2,000 tons of electronic-grade high-purity silicon [2]. Group 2 - In February, the chairman of Lihua Qingneng announced that the company has successfully entered the "2025 Global Unicorn Enterprises Top 500" and received the title of "Top 50 Qinghai Enterprises in the 2025 China Top 500" [7]. - On February 24, Tongwei's stock rose by 0.83%, with a latest market capitalization of 81.8 billion yuan [7].