Group 1 - The core point of the announcement is that Yanjiang Co., Ltd. plans to acquire control of Ningbo Yongqiang Technology Co., Ltd. through a combination of issuing shares and cash payment, which may constitute a significant asset restructuring [2][4] - The trading suspension for Yanjiang Co., Ltd. will begin on January 5, 2026, and the transaction plan is expected to be disclosed within 10 trading days [2] - The preliminary agreement was signed on December 31, 2025, between Yanjiang Co., Ltd. and the actual controller of Yongqiang Technology, Jiangqi He, along with other parties [4] Group 2 - Yongqiang Technology, established on December 18, 2019, focuses on the research, production, and sales of electronic materials, semiconductor materials, and microwave RF devices, with core products including IC substrates and high-end display substrates [4] - The main applications of Yongqiang Technology's products are in 5G/6G communications, AI, and data centers, with its high-frequency and high-speed copper-clad laminate products achieving international leading performance [4] - Yanjiang Co., Ltd. specializes in the research, production, and sales of disposable material products, with major products including PE perforated film and various types of non-woven fabrics [4] - In the first three quarters of 2025, Yanjiang Co., Ltd. achieved revenue of 1.295 billion yuan, a year-on-year increase of 22.99%, and a net profit attributable to shareholders of 42.5018 million yuan, a year-on-year increase of 27.95% [4]