智洋创新与灵明光子签署战略投资意向协议

Core Viewpoint - Zhiyang Innovation (688191.SH) has signed a strategic investment intention agreement with Lingming Photon, terminating the previous plan to acquire equity through issuing shares or convertible bonds, while planning to invest approximately 300 million RMB in cash for equity acquisition and capital increase [1] Group 1: Investment Details - The preliminary investment amount is set at 300 million RMB, with the pre-investment valuation of the target company estimated between 2.7 billion RMB and 3 billion RMB [1] - The post-investment shareholding ratio for Zhiyang Innovation is expected to be around 9.09% to 10.00% [1] - The funding for this investment will come from the company's own and self-raised funds [1] Group 2: Shareholder Rights and Future Plans - Following the investment, Zhiyang Innovation is expected to become a significant shareholder with over 9% ownership, allowing it to nominate one director candidate and hold veto power over the overall sale of the target company [1] - Currently, there are no plans for Zhiyang Innovation to seek control over the target company [1] - Although the investment amount does not meet the threshold for shareholder meeting approval, due diligence and auditing will be conducted to further determine the valuation level, with an initial payment of 50 million RMB as an investment intention fee [1]