Group 1 - Company Northern Long Dragon (北方长龙) is planning a cross-border acquisition of Henan Zhongsheng Composite Materials Co., Ltd. (河南众晟) through issuing A-shares and cash payment, with the stock suspension starting from May 26 [2] - The acquisition will not change the actual controller of Northern Long Dragon, and the transaction is still in the planning stage, with a preliminary agreement signed with the controlling shareholder of Henan Zhongsheng, Suo Jingshan, who holds 92% of the company [2] - Henan Zhongsheng, established in 2019, focuses on fiberglass pultrusion equipment, molds, and composite materials, employing over 150 staff, including 25 engineers [5] Group 2 - Northern Long Dragon, which specializes in military equipment, has faced significant performance pressure since its listing, with a revenue drop of 46.09% in 2023 to approximately 135 million yuan and a net profit decline of 85.61% [5] - In 2024, the company reported a further revenue decrease of 20.13% to about 108 million yuan, resulting in a net loss of approximately 10.89 million yuan [5] - In the first quarter of 2025, Northern Long Dragon continued to report losses, with revenues of about 20.57 million yuan, down 16.86% year-on-year, and a net loss of approximately 5.07 million yuan [6] Group 3 - The military vehicle equipment sector, where Northern Long Dragon operates, is characterized as a highly specialized market with significant technical barriers, shifting competition focus towards lighter, stronger, and smarter solutions [6] - The demand for high-performance non-metallic materials is expected to grow due to the modernization and informatization of military equipment in China [6]