Core Viewpoint - Tianhua New Energy plans to acquire 75% equity of Suzhou Tianhua Times New Energy Industry Investment Co., Ltd. from its controlling shareholder for approximately 1.25 billion yuan, despite the target company's zero revenue in the first half of 2025 but a net profit exceeding 86.43 million yuan [1][2]. Group 1: Acquisition Details - The acquisition is aimed at integrating the controlling shareholder's lithium mining assets into the listed company [1]. - The target company, Suzhou Tianhua Times, focuses on overseas lithium resource investment and development, with total assets of approximately 1.816 billion yuan and net assets of about 1.67 billion yuan as of June 30, 2025 [2]. - The net profit of Suzhou Tianhua Times primarily comes from the reversal of bad debt provisions and returns from idle fund investments [2]. Group 2: Financial Aspects - The acquisition price of approximately 1.25 billion yuan is based on a professional valuation, with the total equity of Suzhou Tianhua Times valued at around 1.67 billion yuan [4]. - The payment for the acquisition must be completed within 30 working days after the transaction date [4]. - The controlling shareholder, Pei Zhenhua, has made a commitment for future impairment compensation based on a valuation to be conducted by an accounting firm by December 31, 2027 [5]. Group 3: Corporate Governance - The transaction has been approved by Tianhua New Energy's board and will require further approval from the shareholders' meeting [3]. - The company asserts that the transaction adheres to principles of fairness, voluntariness, and reasonableness, with no harm to the interests of the company and its shareholders [1].

Core Viewpoint - Tianhua New Energy plans to acquire 75% equity of Suzhou Tianhua Times New Energy Industry Investment Co., Ltd. from its controlling shareholder Pei Zhenhua for approximately 1.25 billion yuan, aiming to integrate lithium mining assets into its corporate structure [2][5]. Group 1: Acquisition Details - The acquisition is valued at approximately 1.25 billion yuan, based on a professional assessment that values 100% of Suzhou Tianhua Times at around 1.67 billion yuan as of June 30, 2025 [6]. - The transaction requires approval from the shareholders' meeting after being reviewed by Tianhua New Energy's board of directors [4]. - Pei Zhenhua will receive about 1.25 billion yuan for the equity transfer, which corresponds to his 75% stake in Suzhou Tianhua Times [5]. Group 2: Financial Performance of Suzhou Tianhua Times - As of June 30, 2025, Suzhou Tianhua Times reported total assets of approximately 1.816 billion yuan and net assets of about 1.67 billion yuan, with a net profit of 86.437 million yuan despite zero revenue for the first half of the year [3]. - The net profit is primarily derived from the reversal of bad debt provisions and returns from idle fund investments [3]. Group 3: Future Commitments and Risks - Pei Zhenhua has made a forward-looking commitment regarding potential impairment of the equity value, agreeing to compensate Tianhua New Energy in cash if a valuation impairment occurs by December 31, 2027 [6]. - The company has highlighted the uncertainties associated with the lithium mining investments, urging investors to be aware of the risks involved [3].

Group 1 - The company plans to acquire 75% of Suzhou Tianhua Times New Energy Industry Investment Co., Ltd. from its controlling shareholder Pei Zhenhua for 1.254 billion yuan [1] - Upon completion of the transaction, Suzhou Tianhua Times will become a wholly-owned subsidiary of the company [1] - Suzhou Tianhua Times focuses on overseas lithium mine resource investment and development, which is beneficial for the company's long-term development strategy and future economic benefits [1]