Core Viewpoint - NAR Co., Ltd. plans to acquire at least 51% of Shanghai Feilai Testing Technology Co., Ltd. for an estimated transaction amount of 350 to 400 million yuan, aiming to enhance its strategic layout and business expansion in the semiconductor equipment sector [1][3]. Group 1: Acquisition Details - The acquisition involves NAR Co., Ltd. signing a share acquisition intention agreement with Shanghai Feiguang Management Consulting Partnership and Zhang Hua [1]. - The transaction is expected to provide NAR with control over Feilai Testing, a high-tech enterprise specializing in semiconductor chip testing reliability solutions [3]. Group 2: Company Profile of Feilai Testing - Feilai Testing is headquartered in Shanghai and has manufacturing bases in Wuxi and Nantong, recognized as a national-level "little giant" enterprise [3]. - The company offers a comprehensive range of solutions from wafer to device, including equipment like wafer AOI devices, chip testers, and aging systems, under its own brand "FeedLiTech" [3]. Group 3: Financial Projections - Feilai Testing is projected to achieve a revenue of 123 million yuan and a net profit of 1.9 million yuan in 2024, with further growth expected in 2025 [3]. - The performance commitment includes net profits of no less than 28 million yuan, 36 million yuan, and 48.2 million yuan for the years 2025 to 2027, totaling at least 112 million yuan [3]. Group 4: Strategic Implications - This acquisition reflects NAR's strategic shift from precision coating materials manufacturing to high-end equipment manufacturing and core semiconductor sectors, aiming to cultivate new growth drivers and enhance production capabilities [3].