Group 1 - TCL Technology disclosed a report on the issuance of shares and cash payment for asset acquisition, successfully raising a total of 4.359 billion yuan through the issuance of A-shares at a price of 4.21 yuan per share [1] - The asset acquisition involves a 21.53% stake in Shenzhen Huaxing Semiconductor, with a transaction value of 11.562 billion yuan, marking the largest transaction scale in the electronics industry since 2021 [1] - The fundraising attracted participation from 43 high-quality domestic and foreign investors, with a total subscription amount of 15.727 billion yuan, resulting in a subscription multiple of 3.61 times [1] Group 2 - Notably, a consortium of nine major insurance groups participated in the fundraising, indicating strong confidence in the panel industry and potential value reassessment [2] - Following the completion of the transaction, TCL Technology's leading position in the semiconductor display sector is expected to be further solidified [3]