Core Viewpoint - Shanghai Wanye Enterprise Co., Ltd. plans to sell 21.8539% equity in Zhejiang Poxin Electronics Technology Co., Ltd. to Wuxi Zhengxin Semiconductor Technology Co., Ltd. for approximately 830.44983 million RMB [2][3][5] Transaction Overview - The company will transfer its entire 21.8539% stake in Zhejiang Poxin for 830.44983 million RMB, after which it will no longer hold any equity in Zhejiang Poxin [3][5] - The transaction has been approved by the company's board and does not require shareholder approval as it does not constitute a related party transaction or a major asset restructuring [2][6] Purpose and Reasons for the Transaction - The transaction aims to optimize the company's asset structure and enhance resource allocation, focusing on breakthroughs in advanced ion implantation machines and key components in the semiconductor field [5][16] - The sale is expected to improve the company's liquidity and cash flow, providing better funding for R&D and capacity expansion [5][16] Financial Details - The total valuation for 100% equity of Zhejiang Poxin is set at 3.8 billion RMB, with the 64.42% stake being valued at approximately 2.447958478 billion RMB [11][12] - The original value of the transferred stake was 600 million RMB, with a book value of approximately 714.5282 million RMB as of the end of 2024, leading to an expected investment gain of approximately 91.3096 million RMB and a net profit of about 68.4822 million RMB from the transaction [16] Buyer Information - Wuxi Zhengxin Semiconductor Technology Co., Ltd. was established on March 17, 2025, and is wholly owned by Shenyang Zhengxin Semiconductor Technology Co., Ltd. [7][8] - The funding for the acquisition will come from a combination of investments from Shenyang Zhengxin's investors and a bank loan of 1 billion RMB [9] Impact on the Company - The sale is expected to enhance the company's operational capacity and support business expansion, aligning with its future development needs [16] - The transaction will not involve personnel arrangements or land leasing, and the proceeds will be used to supplement the company's working capital [15][16]