Core Viewpoint - The signing of the share swap agreement between 威华达控股 and 梧桐 is expected to establish a strategic alliance and enhance cooperation between the two companies, potentially improving the group's revenue and profitability [1][2]. Group 1: Share Swap Agreement Details - 威华达控股 will acquire approximately 189 million shares of 梧桐 at a subscription price of HKD 1.986 per share, totaling HKD 375.6 million [1]. - 梧桐 will subscribe to about 760 million shares of 威华达控股 at a subscription price of HKD 0.494 per share, also totaling HKD 375.6 million [1]. - After the completion of the agreement, 威华达控股 will hold approximately 17.56% of 梧桐's expanded issued share capital, while 梧桐 will hold about 15.54% of 威华达控股's expanded issued share capital [1][2]. Group 2: Strategic Implications - The share swap agreement allows both companies to hold each other's shares, facilitating strategic cooperation and potentially enhancing the group's earnings and profitability [2]. - This transaction marks the first time since 2020 that 威华达控股 has exercised its general authorization to issue new shares, and it has not conducted any fundraising activities since 2018 [2]. - The internal financial resources of 威华达控股 will remain unaffected as the subscription will be settled through the issuance of shares without cash payment [2].