Core Viewpoint - The company Dalian Da (3702) has approved a restructuring plan to convert its subsidiaries YouShang and PinJia into 100% owned subsidiaries of its subsidiary QuanDing, aiming to enhance operational efficiency and global reach in the semiconductor distribution business [1] Group 1: Restructuring Details - Dalian Da's restructuring will result in QuanDing and ShiPing becoming the two core engines of its semiconductor distribution business, consolidating its operations into two main fleets to better respond to industry changes and global expansion [1] - The restructuring involves a share conversion where YouShang will exchange 1 share for 2.7947 shares of QuanDing, and PinJia will exchange 1 share for 1.2222 shares of QuanDing, with a base date set for January 1, 2026 [2] Group 2: Future Outlook - Post-restructuring, QuanDing and ShiPing are expected to each generate revenue in the range of approximately $12 billion to $13 billion, with each entity employing thousands of staff [1] - The company aims to strengthen international collaborations, expand its global footprint, optimize resource allocation, and enhance organizational efficiency to create a robust growth engine [1]