香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 至源控股有限公司 （前稱榮暉國際集團有限公司） （於百慕達註冊成立之有限公司） （股份代號：990） 自願公告 有關一項擬定交易之 諒解備忘錄 本公告乃由本公司根據上市規則第13.09條及證券及期貨條例第XIVA部內幕消息 條文作出。 諒解備忘錄 董事會宣佈，於二零二五年八月一日（星期五）交易時段後，本公司與(a) PT Mitra Unggul Berjaya（「賣方」）及(b)楊成林先生（「賣方擔保人」）就買賣於PT Aneka Tambang Resources Indonesia（「目標公司」）的60%權益（「擬定交易」）訂立具法律 約束力的諒解備忘錄（「諒解備忘錄」）。諒解備忘錄載有關於本公司擬購買及賣方 擬出售目標公司（一家在印度尼西亞共和國註冊成立的公司，持有生產經營採礦 業務許可證，可開採鎳商品，覆蓋位於印度尼西亞哈馬黑拉島以南的奧比群島的 608公頃面積（「鎳礦」））60%的全部已發行 ...

Core Viewpoint - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million in cash, in collaboration with foreign investor Inari Amertron Berhad, to enhance its global supply chain and product offerings [1][2]. Group 1: Acquisition Details - The acquisition price will be finalized based on the financial statements on the closing date and the terms outlined in the Share Purchase Agreement [1]. - Sanan and Inari will jointly invest $280 million in a Hong Kong joint venture, with a shareholding ratio of 74.5% and 25.5% respectively, to facilitate the payment for the acquisition and related expenses [1]. - After the transaction, Sanan will indirectly hold 74.5% of Lumileds and include it in its consolidated financial statements [1]. Group 2: Valuation and Financials - The valuation report by Jinzheng (Shanghai) Asset Appraisal Co., Ltd. estimates Lumileds' total equity value at $287 million as of December 31, 2024, reflecting a valuation increase of 36.67% [2]. - The transaction is based on a "zero cash zero debt" valuation, with an enterprise value of $239 million, subject to adjustments for net working capital and net debt at closing [2]. - Lumileds reported total assets of $515 million and total liabilities of $322 million as of March 31, 2025, resulting in a net asset value of $193 million [4]. Group 3: Business Operations and Market Position - Lumileds specializes in mid-to-high-end LED products for automotive lighting, camera flash, and specialty lighting, with a comprehensive production process and diverse product range [3]. - The acquisition will allow Sanan to leverage Lumileds' established overseas production bases in Singapore and Malaysia, enhancing its global supply chain [3]. - Lumileds has faced financial challenges, reporting losses of $67 million in 2024 and $17 million in Q1 2025, primarily due to high production costs and low gross margins [6]. Group 4: Sanan's Financial Performance - In 2024, Sanan achieved revenue of 16.11 billion yuan, a year-on-year increase of 14.61%, but net profit attributable to shareholders decreased by 31.02% to 253 million yuan [7][8]. - For Q1 2025, Sanan's revenue was 4.31 billion yuan, up 21.23% year-on-year, with a net profit of 211 million yuan, reflecting a significant increase of 78.46% [9].

Group 1 - The company Zhejiang Weihua New Materials Co., Ltd. plans to acquire a controlling stake in Jiangsu Heyutai Chemical Co., Ltd. through cash payment, with the specific acquisition ratio to be determined after further negotiation and due diligence [2][3] - The signed intention agreement is a preliminary arrangement and does not constitute a basis for the equity acquisition; the final terms will be established in a formal equity acquisition agreement [2][3] - The acquisition is still in the planning stage, and the impact on the company's operating performance for the current year cannot be estimated at this stage [2][8] Group 2 - Jiangsu Heyutai Chemical Co., Ltd. specializes in the manufacturing and processing of pesticides and chemical products, with a registered capital of 120 million RMB [6][7] - The company has a strong product portfolio in the agricultural chemical sector, including herbicides, fungicides, and plant growth regulators, which could enhance the acquirer's competitive position in the industry [8] Group 3 - The transaction is not classified as a related party transaction and does not currently meet the criteria for a major asset restructuring as per relevant regulations [10]

Group 1 - Zhejiang Wihua New Materials Co., Ltd. plans to acquire a controlling stake in Jiangsu Heyutai Chemical Co., Ltd. through cash payment by the company or its designated subsidiaries, with the specific acquisition ratio to be determined later [2][3] - The signed intention agreement is a preliminary agreement and does not constitute the basis for the equity acquisition. The specific acquisition plan, including the acquiring entity, share ratio, and transaction price, will be determined after due diligence, auditing, and asset evaluation [2][11] - The acquisition is still in the planning stage, and the impact on the company's operating performance for the current year cannot be estimated at this stage [2][9] Group 2 - Jiangsu Heyutai Chemical Co., Ltd. specializes in the manufacturing, processing, and operation of pesticides and chemical products, with a registered capital of 120 million RMB [7][8] - The major shareholder of Jiangsu Heyutai is Zhejiang Xinhua Biological Co., Ltd., which holds a 100% stake [8] - The acquisition aims to enhance the company's product chain and leverage synergies, potentially improving its competitive position and profitability in the agricultural chemical sector [9]

Summary of Key Points Core Viewpoint - The company plans to provide a guarantee of RMB 59.4 million for Guangxi Zirconium Industry Technology Co., Ltd. as part of its acquisition of a 51% stake in the company, which is aimed at supporting its operational funding needs and ensuring the stability of the acquisition process [1][3][6]. Group 1: Guarantee Details - The guarantee amount is RMB 59.4 million, which includes a fixed asset loan of RMB 23 million and a comprehensive credit of RMB 36.4 million [3][4]. - The guarantee is contingent upon the completion of the acquisition of 51% control of Guangxi Zirconium [3][6]. - The company has no counter-guarantee for this guarantee, and the other shareholders of Guangxi Zirconium have provided their own guarantees [4][7]. Group 2: Financial and Operational Context - Guangxi Zirconium has total assets of approximately RMB 271.87 million and total liabilities of about RMB 166.77 million, resulting in a net asset value of around RMB 105.11 million [6]. - The company reported a net loss of approximately RMB 25.07 million in the latest financial period [6]. - The guarantee is deemed necessary to support Guangxi Zirconium's daily operations and business development, with the company maintaining a stable operational status and good creditworthiness [6][8]. Group 3: Corporate Governance and Approval - The board of directors approved the guarantee proposal with unanimous consent, indicating strong internal support for the decision [8]. - The company will complete the necessary procedures for the acquisition and guarantee within a specified timeframe following shareholder approval [8][9].

Core Viewpoint - Zhejiang Wehua New Materials Co., Ltd. plans to acquire a controlling stake in Jiangsu Heyutai Chemical Co., Ltd. through cash payment, with specific acquisition ratios to be determined after further negotiations and due diligence [1][2] Group 1: Transaction Overview - The signed intention agreement is a preliminary arrangement and does not constitute a basis for the equity acquisition [1][2] - The transaction is still in the planning stage, with details such as the acquiring entity, share ratio, and transaction price to be finalized after due diligence, auditing, and asset evaluation [2][5] - The transaction does not constitute a related party transaction and is not classified as a major asset restructuring under relevant regulations [2][5] Group 2: Target Company Information - Jiangsu Heyutai Chemical Co., Ltd. is a limited liability company with a registered capital of 120 million RMB, established on June 13, 2013 [3][4] - The company specializes in the manufacturing, processing, and operation of pesticides and chemical products, with a focus on research and development of pesticide raw materials and formulations [4] Group 3: Strategic Purpose and Impact - The target company has a strong presence in the agrochemical sector, offering a diverse range of products including herbicides, fungicides, and plant growth regulators [4] - Successful completion of the acquisition is expected to enhance the company's product chain, leverage synergies, and improve its competitive position in the industry, ultimately benefiting its long-term business development [4][5]

Core Viewpoint - The control of Changling Hydraulic (605389) is undergoing a significant change as the actual controllers, Xia Jifa and Xia Zemin, plan to transfer 43.21 million shares, representing 29.99% of the total shares, to Wuxi Hexin Tingtao Technology Partnership and Jiangyin Chenglian Shuangying Investment Partnership for a total transaction price of 1.238 billion yuan [1] Group 1 - The total payment required for the transaction, including a partial tender offer for 17.29 million shares (12% of total shares) by Wuxi Hexin Bolang Technology Partnership, amounts to 2.113 billion yuan [1][2] - The funding sources for the acquisition include approximately 900 million yuan of self-owned funds and 950 million yuan of self-raised funds, with plans to obtain 750 million yuan through acquisition loans and 200 million yuan through external borrowing [2] - The actual controller of the acquiring entities, Hexin Tingtao and Hexin Bolang, is Hu Kangqiao, who will become the actual controller of Changling Hydraulic after the completion of the equity change [1][2] Group 2 - The total transaction price for the acquisition is approximately 1.865 billion yuan, with available funds from partners' contributions and bank loans covering the transaction price [3] - The partners' contributions include about 1.127 billion yuan, with 1.01 billion yuan from their own funds and 117 million yuan from external borrowing by Hu Kangqiao [3] - Hu Kangqiao and Xu Lantao's other main operating asset is Hexin Huilian, a chip design company with a post-investment valuation of approximately 2.887 billion yuan [3][4] Group 3 - After the completion of the share transfer, Hu Kangqiao will control 50.65% of the voting rights of Hexin Huilian through a voting rights entrustment agreement [4] - If Hexin Huilian fails to achieve a qualified listing by December 31, 2026, the institutional shareholders have the right to require a buyback of their shares at a price not lower than the investment amount plus a 10% simple interest [4][5] - The commitment period for a qualified listing has been extended to December 31, 2028, which will not create immediate repayment obligations for contingent liabilities [5]

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-043 号 西藏华钰矿业股份有限公司 关于《上海证券交易所监管工作函》的回复公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 西藏华钰矿业股份有限公司（以下简称"华钰矿业""华钰公司""上市公 司"或"公司"）于近日收到上海证券交易所下发的《关于西藏华钰矿业股份有 限公司对收购股权估值调整补偿及进一步现金收购股权暨关联交易的监管工作 函》（上证公函〔2025〕1122 号）（以下简称"《工作函》"），公司就《工 作函》关注的相关问题逐项进行认真落实。现就有关问题回复如下： 问题 1.关于估值调整补偿的合理性。公告显示，2020 年 4 月亚太矿业全部 股权的评估值为 18.43 亿元，评估基准日为 2019 年 9 月 30 日。由于广西地润所 持部分亚太矿业股权被质押，以及亚太矿业尚未完成选冶工程项目核准等开采 手续，交易双方协商亚太矿业全部股权价值为 12.5 亿元，同时约定取得开工许 可证后，双方按照有效的评估报告协商确定重估价值。2021 年 2 ...

关于上海证券交易所 监管工作函所涉法律事项 的回复 北京德恒（济南）律师事务所 山东省济南市高新区舜泰北路 567 号银丰科技公园 2 号楼 电话：+86 531-8166 3606 传真：+86 531-8166 3607 邮编：250102 北京德恒（济南）律师事务所 关于上海证券交易所监管工作函所涉法律事项的回复 北京德恒（济南）律师事务所 关于上海证券交易所 监管工作函所涉法律事项 的回复 德恒 11F20250229-02 号 上海证券交易所上市公司管理一部： 北京德恒（济南）律师事务所（以下简称"本所"或"德恒"）接受西藏华 钰矿业股份有限公司（以下简称"华钰矿业"或"公司"或"上市公司"）的委托， 就贵所于 2025 年 7 月 23 日下发的《关于西藏华钰矿业股份有限公司对收购股权 估值调整补偿及进一步现金收购股权暨关联交易的监管工作函》（上证公函 [2025]1122 号，以下简称"监管工作函"）中提到的需要律师发表意见的问题出具 本回复。德恒及经办律师根据《中华人民共和国公司法》《中华人民共和国证券 法》《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业 规则（试行）》等法 ...

证券代码：605389 证券简称：长龄液压 公告编号：2025-029 江苏长龄液压股份有限公司 关于对控制权变更有关事项的监管工作函的回复公告 说明胡康桥及相关方是否具备取得公司控制权的资金实力，是否符合《收购管 理办法》第六条规定的收购人资格。 回复 一、核芯听涛、核芯破浪自有资金的具体构成及来源，若为相关合伙人增资 款的，穿透披露增资人姓名、增资金额、资金来源、拟增资时间、资金所在银 行具体账户，是否来源于其他借贷 （一）工商变更完成后，核芯听涛、核芯破浪基本信息 本次收购交易的收购主体为无锡核芯听涛科技合伙企业（普通合伙）（以下 简称"核芯听涛"）、无锡核芯破浪科技合伙企业（有限合伙）（以下简称"核 芯破浪"）、江阴澄联双盈投资合伙企业（有限合伙）（以下简称"澄联双盈"） （以下合称"收购平台"或"收购人"）。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 江苏长龄液压股份有限公司（以下简称"公司"）于近日收到上海证券交易 所出具的《关于对长龄液压股份有限公司控制权变更有关事项的监管工作函》[上 证公函【2025】0 ...