Core Viewpoint - The company plans to acquire a 49% stake in Noah Changtian through a combination of issuing shares, convertible bonds, and cash payments, which will enhance its control over the subsidiary and strengthen its position in the non-volatile storage market [1] Group 1 - The acquisition involves purchasing shares from Zhuhai Nuoyan, Yuanhe Puhua, and Hengqin Qiangke [1] - Upon completion of the transaction, Noah Changtian will become a wholly-owned subsidiary of the company, and the target company SHM will be a wholly-owned subsidiary of the listed company [1] - The main business of the target company is to provide high-performance 2D NAND and derivative storage products and solutions [1] Group 2 - This transaction is aimed at consolidating the company's layout in non-volatile storage products [1] - The acquisition is expected to enhance the company's control over SHM, thereby improving its sustainable profitability and risk resistance [1] - The company's stock will resume trading on December 9, 2025 [1]

Core Viewpoint - Company plans to acquire 49% stake in Zhuhai Noah Changtian Storage Technology Co., Ltd. to achieve 100% ownership, enhancing its position in the semiconductor industry [1][2] Group 1: Acquisition Details - The acquisition involves purchasing 31% of Noah Changtian for 144 million yuan, increasing the company's stake to 51% and gaining control over SkyHigh Memory Limited (SHM) [1] - The total equity of Noah Changtian was valued at 463 million yuan as of the assessment date, reflecting a 3.26% increase over the book value [1] Group 2: Strategic Implications - Noah Changtian serves as a holding company for SHM, which specializes in high-performance 2D NAND and related memory products, with a global sales network [2] - The acquisition is expected to complement the company's existing non-volatile memory product offerings and expand its global sales network, thereby enhancing core competitiveness [2] Group 3: Transaction Status - The company announced a suspension of trading as it plans to issue shares to acquire the remaining 49% stake in Noah Changtian, with the suspension expected to last no more than 10 trading days [2] - The transaction is still in the planning stage, with preliminary agreements signed with the existing shareholders [2]

Core Viewpoint - The company, Purun Co., Ltd. (688766), is planning to acquire a controlling stake in its associate company, Zhuhai Noah Changtian Storage Technology Co., Ltd., through a cash transaction, which will lead to indirect control over SkyHigh Memory Limited, a semiconductor firm registered in Hong Kong [1]. Group 1 - The acquisition aims to achieve control over the target company, enhancing the company's position in the semiconductor industry [1]. - SkyHigh Memory Limited specializes in SLC NAND, eMMC, and MCP products, complementing Purun's existing offerings of NOR Flash, EEPROM, and MCU, thereby creating a comprehensive non-volatile storage product portfolio [1].