Company Overview - Shanghai Shifeng Optoelectronics Technology Co., Ltd. has been recently established with a registered capital of 1 million RMB [1] - The legal representative of the company is Xiao Kai [1] Business Scope - The company operates in various sectors including technology services, development, consulting, and transfer [1] - It is involved in the retail and wholesale of computer software and hardware, as well as electronic products [1] - The manufacturing of electronic components and specialized equipment is also part of its business activities [1] - Additional services include artificial intelligence public data platform, software development, graphic design, and computer system services [1]

Group 1 - The company is planning to acquire 99% of Anhui Yigao Optoelectronics Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds [1] - The transaction is expected not to constitute a major asset restructuring as defined by relevant regulations, but it will be classified as a related party transaction [1] - The company's actual control will not change as a result of this transaction, and it will not lead to a restructuring listing [1] Group 2 - The company's stock was suspended from trading starting June 30, 2025, for a period not exceeding 10 trading days due to the transaction planning [2] - The company has actively organized efforts to advance the transaction during the suspension period and has disclosed progress updates [2] - The board of directors approved relevant proposals related to the transaction, and the stock is set to resume trading on July 11, 2025 [2] Group 3 - Due diligence, auditing, and evaluation work related to the transaction are still ongoing as of the date of the announcement [2] - The company will continue to follow legal and regulatory requirements for information disclosure as the transaction progresses [2]

Core Viewpoint - The company is planning to acquire control of Suzhou Anjie Xun Optoelectronics Technology Co., Ltd. through the issuance of shares and convertible bonds, along with cash payments, while raising matching funds for this transaction [1]. Group 1 - The company has applied for a trading suspension of its shares starting from July 29, 2025, due to uncertainties related to the transaction, with an expected resumption date no later than August 12, 2025 [2]. - The company is actively advancing the necessary approvals and review processes during the suspension period, ensuring compliance with relevant regulations [3]. - All information regarding the transaction will be disclosed through designated information media, and investors are advised to pay attention to subsequent announcements [3].

Summary of Key Points Core Viewpoint - The announcement details a share reduction plan by a specific shareholder of Beijing Fuzhiry Optoelectronics Technology Co., Ltd., indicating a planned divestment of shares to meet personal funding needs while adhering to regulatory guidelines [1][3]. Shareholder Holding Information - As of the announcement date, Shanghai Zhaoren Investment Management Partnership (Limited Partnership) holds 244,256 shares, representing 0.32% of the total share capital of the company. These shares were acquired prior to the company's initial public offering (IPO) and were fully released from restrictions on July 24, 2023 [1][2]. Reduction Plan Details - Shanghai Zhaoren plans to reduce its holdings by up to 244,256 shares, which is equivalent to 0.32% of the total share capital. The reduction will occur through competitive bidding and block trading within three months following the announcement date [1][2]. Compliance with Regulations - The reduction will comply with the "Interim Measures for the Reduction of Shares by Shareholders of Listed Companies" and the relevant self-regulatory guidelines from the Shanghai Stock Exchange, which limit the total number of shares that can be reduced within a 90-day period to 1% for competitive bidding and 2% for block trading [2]. Reason for Reduction - The primary reason for the share reduction is the shareholder's personal funding needs [3]. Previous Reduction Activity - In the past 12 months, Shanghai Zhaoren has reduced its holdings by 44,944 shares, with a price range of 25.44 to 26.76 yuan per share [2]. Commitment to Regulations - The shareholder has committed to adhere to all relevant regulations regarding share reduction, including providing advance notice of three trading days before any reduction takes place [5].

Group 1 - The company held a meeting on July 8, 2025, to discuss the acquisition of control over Shenzhen Yilian Infinite Technology Co., Ltd. [1] - The supervisory board unanimously approved the acquisition, stating it would not affect the company's independence and that the transaction price was fair and reasonable [1][2] - The acquisition aligns with the company's strategic planning and is expected to contribute to its sustainable and stable development [1] Group 2 - The voting results for the acquisition proposal were 3 votes in favor, with no votes against or abstentions, indicating strong support from the supervisory board [2] - The proposal will be submitted for approval at the company's shareholders' meeting [2]

Group 1 - The core point of the announcement is the completion of the share reduction plan by specific shareholders of Beijing Fuzhiry Optoelectronics Technology Co., Ltd. [1][2] - The shareholders involved in the reduction include Suzhou Kongkong Venture Investment Partnership (Limited Partnership), holding 1,215,618 shares (1.60% of total shares), Suzhou Zhaorong Aerospace Venture Investment Partnership (Limited Partnership), holding 1,463,490 shares (1.93%), and Shanghai Zhaoren Investment Management Partnership (Limited Partnership), holding 289,200 shares (0.38%) [1][2] - The shares were released from restrictions on July 24, 2023, and the reduction plan was disclosed on March 25, 2025, with a three-month execution period [2][3] Group 2 - The actual reduction results show that Suzhou Kongkong reduced 1,215,618 shares (1.60%), Suzhou Zhaorong reduced 1,463,490 shares (1.93%), and Shanghai Zhaoren reduced 44,944 shares (0.06%) [2][4] - The reduction plan was fully implemented as per the disclosed plan, with no early termination of the plan [3][4] - The announcement confirms that the actual reduction met the minimum reduction quantity as previously disclosed [4]

Core Viewpoint - The company is planning to issue shares and pay cash to acquire 99% of Anhui Yigao Optoelectronics Technology Co., Ltd. and raise matching funds, which constitutes a related party transaction but does not trigger major asset restructuring regulations [1][3][11] Group 1: Suspension of Trading - The company's stock will be suspended from trading starting June 30, 2025, for a period not exceeding 10 trading days due to the ongoing planning of the transaction [2] - The suspension aims to ensure fair information disclosure and protect investor interests, preventing abnormal stock price fluctuations [2] Group 2: Transaction Details - The target company, Anhui Yigao Optoelectronics Technology Co., Ltd., was established on August 25, 2020, with a registered capital of 68.621534 million RMB, focusing on the R&D, production, and sales of touch screens and vacuum coating products [3][11] - The transaction involves issuing shares and paying cash to acquire 99% of Yigao's shares, with the specific transaction details and counterparties still under discussion [10][11] Group 3: Related Party Transaction - The transaction is expected to constitute a related party transaction as it may lead to the counterparties holding more than 5% of the company's total shares [10] - The final transaction price will be based on an independent third-party asset evaluation [11]

Group 1 - The recent regulatory actions against companies like Guangdao Digital and Dongxu Optoelectronics signal a zero-tolerance approach towards financial fraud in the securities market [1][2] - Guangdao Digital was penalized for fabricating contracts and invoices, resulting in a revenue inflation of 1.465 billion yuan, while Dongxu Optoelectronics misappropriated 9.595 billion yuan in funds [1][2] - The penalties imposed, such as a 10 million yuan fine for Guangdao Digital and a 378 million yuan fine for Dongxu Optoelectronics, are viewed as insufficient compared to the scale of the fraud [2][3] Group 2 - Restoring investor trust in the A-share market is crucial, which requires transparency and authenticity in financial reporting from listed companies [3] - A combination of civil compensation and criminal accountability is necessary to create an effective regulatory and accountability framework [3]

Group 1: Company Growth and Achievements - Guizhou Yunshang Kunpeng Technology Co., Ltd. has achieved an annual production capacity of 200,000 personal computers and an industrial output value exceeding 1.4 billion yuan within three years [1] - The company has developed over 30 upstream and downstream industry partners and more than 400 ecological partners [1] - In 2024, the GDP of Gui'an New Area is projected to exceed 40 billion yuan, maintaining a growth rate of over 20% for seven consecutive quarters [1] Group 2: Digital Economy and Data Centers - Guizhou Yunshang Kunpeng focuses on building data centers and providing foundational computing power support, contributing to industrial clustering and upgrading [2] - The region has introduced 26 large-scale data (intelligent computing) centers, ranking among the top in the country for comprehensive computing power [2] - In Q1 of this year, electricity consumption in Gui'an New Area increased by 36.11%, with data center clusters and new energy battery material clusters seeing increases of 54.25% and 46.79%, respectively [2] Group 3: Industrial Development - Gui'an New Area is promoting the integrated development of three major industries: electronic information manufacturing, new energy batteries and materials, and advanced equipment manufacturing, achieving an industrial output value of 16.54 billion yuan in 2024, with a growth rate of 82% [3] - The area is also enhancing its logistics capabilities, establishing a comprehensive transportation system to facilitate trade and manufacturing [4] Group 4: Foreign Trade and Investment - The foreign trade import and export volume of Gui'an New Area increased from 8.67 billion yuan in 2022 to 14.64 billion yuan in 2024, with an average annual growth rate of 29.99% [5] - Actual foreign investment rose from 146 million yuan in 2022 to 359 million yuan in 2024, reflecting an average annual growth of 56.7% [5] Group 5: Ecological and Sustainable Development - Gui'an New Area is committed to ecological civilization, with green economic value accounting for over 50% of GDP in 2024 [7] - The area has been recognized as a national-level green industrial park, and companies like CATL have established zero-carbon factories [7] - The region emphasizes the integration of tourism and ecological protection, enhancing both the environment and local livelihoods [7][8]

Core Viewpoint - The company is planning to issue shares to acquire assets and raise supporting funds, with the transaction not expected to constitute a major asset restructuring or a reverse listing [1]. Group 1 - The company's stock will be suspended from trading starting May 20, 2025, to protect investor interests and avoid significant impacts on stock trading due to uncertainties surrounding the transaction [1][2]. - The company expects to disclose the transaction plan within no more than 10 trading days, specifically by June 4, 2025, in accordance with relevant disclosure requirements [2]. - The company is actively conducting negotiations and due diligence related to the transaction, which is progressing in an orderly manner [2]. Group 2 - During the suspension period, the company will continue to advance all related work and fulfill its information disclosure obligations based on the progress of the transaction [2]. - The company will submit and disclose relevant documents to the Shenzhen Stock Exchange and apply for stock resumption once the related matters are confirmed [2]. - All information will be based on disclosures made in designated information disclosure media, and investors are advised to pay attention to subsequent announcements [2].