Core Viewpoint - Kairun Co., Ltd. plans to acquire an additional 18% stake in Suzhou Jiazhi Color Optoelectronics Technology Co., Ltd. for approximately 171.60 million yuan (about 17.16 million) to enhance its strategic position and operational efficiency in the display technology sector [1][5][7]. Group 1: Acquisition Details - Kairun Co., Ltd. will purchase the 18% stake from Suzhou He Cai Enterprise Management Partnership and Suzhou Yuan Cai Enterprise Management Partnership, increasing its ownership in Jiazhi Color from 51% to 69% [1][5]. - The total transaction price for the acquisition is 171.60 million yuan (approximately 17.16 million) [1]. Group 2: Company Background and Operations - Jiazhi Color was established in November 2017 and focuses on new display technologies, silicon-based micro-displays, and semiconductor industry testing and production systems [5]. - The current major shareholders of Jiazhi Color include Kairun Co., Ltd. (51%), Xicai Optoelectronics (31%), He Cai Enterprise Management Partnership (10%), and Yuan Cai Enterprise Management Partnership (8%) [5]. Group 3: Recent Developments - In April 2023, Kairun Co., Ltd. announced a cash purchase of a 51% stake in Jiazhi Color for 483 million yuan, making it a controlling subsidiary [7]. - Jiazhi Color has successfully developed and shipped the first domestic OLED De-mura equipment for the 8.6 generation line to a leading panel manufacturer [7]. - In November 2023, Jiazhi Color signed a procurement contract worth 198 million yuan with Chengdu BOE Display Technology Co., Ltd. [7].