Transaction Overview - The company announced that its wholly-owned subsidiary, RAY TECH SINGAPORE PTE. LTD., will acquire a 66% stake in SCPL SEMICONDUCTOR TEST & INSPECTION PTE. LTD. for approximately 48.9 million Singapore dollars, equivalent to about 268.95 million RMB [1][3] - Following the completion of this transaction, SCPL will become a controlled subsidiary of the company and will be included in the company's consolidated financial statements [1] Transaction Progress - The company has completed all necessary foreign investment filings and approval processes, obtaining relevant certificates from Jiangsu Provincial Department of Commerce and Wuxi Development and Reform Commission [3] - On January 8, 2026, the subsidiary made the payment for the equity acquisition and successfully acquired the 66% stake in SSTI, marking the completion of the equity transfer [3] Impact on the Company - This acquisition is expected to enhance the company's business layout in the high-end semiconductor testing equipment sector, allowing for deeper access to global high-quality semiconductor customer resources [4] - The transaction is anticipated to strengthen the company's leading position in the industry and improve its overall competitive strength, aligning with the interests of the company and all shareholders [4]

Core Viewpoint - Titan Technology announced the approval of a proposal to acquire 100% equity of Apollo Scientific Ltd. from Central Glass, with the transaction completed on July 23, 2025 [1] Group 1: Acquisition Details - The acquisition will be financed through the company's own or raised funds [1] - The company has completed the necessary overseas investment filing and approval procedures, passing the UK's national security review [1] - A delivery confirmation agreement has been signed, and the full acquisition payment has been made [1] Group 2: Post-Acquisition Status - Following the completion of the transaction, Apollo Scientific will become a wholly-owned subsidiary of Titan Technology [1] Group 3: Risks Associated - The transaction carries risks such as foreign exchange losses and uncertainties regarding integration effectiveness [1]

Group 1 - The company plans to acquire 100% equity of Kr?mer Automotive Systems GmbH for €1,000,000 using its own funds, which will be consolidated into the company's financial statements after the acquisition [2][3] - This acquisition aligns with the company's international development strategy, enhancing its market competitiveness and ability to expand into the European market, particularly targeting high-end passenger vehicle customers [3][21] - The acquisition is not classified as a related party transaction or a major asset restructuring under relevant regulations, and it has already passed internal decision-making processes without needing board or shareholder approval [2][4] Group 2 - The target company, Kr?mer Automotive Systems GmbH, is based in Germany with a registered capital of €128,000 and is currently operating normally without any legal encumbrances [6][21] - The valuation of the target company was conducted by Yinxin Asset Appraisal Co., which determined the total equity value to be approximately ¥8.57 million, reflecting a 231.16% increase compared to its book value [9][10] - The acquisition contract stipulates that the transfer price is set at €1,000,000, and the payment will be made via irrevocable wire transfer upon completion of the necessary approvals [13][15] Group 3 - Post-acquisition, the target company will become a wholly-owned subsidiary, and the integration is expected to enhance the company's revenue sources and overall market value recognition [21][22] - The acquisition will not involve changes in the management or personnel of the target company, and it is anticipated to create synergies in technology development and market resource sharing [22][21] - The company will ensure compliance with legal requirements regarding related party transactions and will not create new competition within the industry post-acquisition [22]

Core Viewpoint - Defu Technology (301511) reported significant growth in Q3 2023, with a revenue increase of 47.88% year-on-year, driven by higher copper foil sales and improved production efficiency [1][2] Financial Performance - Q3 2023 revenue reached 3.201 billion yuan, a 47.88% increase year-on-year [1] - Net profit for the quarter was 27.8879 million yuan, reflecting a 128.27% year-on-year growth [1] - Basic earnings per share were 0.0442 yuan, up 128.24% compared to the previous year [1] - The company's cash flow from operating activities for the first three quarters was -413 million yuan, a decline of 167.7% year-on-year due to increased cash expenditures on raw materials and employee compensation [1] Investment and Expansion Plans - Defu Technology signed a supplementary contract with the Jiujiang Economic and Technological Development Zone Management Committee to invest an additional 1 billion yuan in the development of specialized copper foil production facilities [1][2] - The project aims to enhance high-end copper foil production capacity, facilitating import substitution and industry chain upgrades [2] - The company is also pursuing overseas acquisitions, including a planned acquisition of Circuit Foil Luxembourg S.a.r.l. for 1.74 million euros, with an enterprise value of 2.15 million euros [2]