Core Viewpoint - Huamao Technology plans to acquire the remaining equity of Shenzhen Fuchuang Youyue Technology Co., Ltd., aiming for full ownership after previously holding 42.16% through its subsidiary [1][4][5]. Group 1: Acquisition Details - The acquisition will be executed through a combination of issuing shares and cash payments, with the transaction expected to constitute a major asset restructuring [1][3]. - Huamao Technology's stock and convertible bonds will be suspended from trading starting May 21, 2025, for a period not exceeding 10 trading days [3][6]. - The estimated valuation of Fuchuang Youyue is approximately 908 million yuan, with the remaining equity valued at around 525 million yuan [5]. Group 2: Company Background - Fuchuang Youyue is a professional electronic manufacturing service provider with nearly 1,000 employees and a 30,000 square meter smart manufacturing park, focusing on industries such as optical communication and automotive electronics [1][4]. - The company has established itself as the first and only firm in Malaysia with a complete optical communication industry chain capability [4]. Group 3: Strategic Intentions - Huamao Technology has indicated intentions for deeper integration with Fuchuang Youyue, including expanding into next-generation optical communication technologies and enhancing operational synergies [5][6]. - The company has expressed a commitment to increasing investments in semiconductor and computing power manufacturing sectors, aiming for further integration of the supply chain [5].

Core Viewpoint - Huamao Technology (603306) plans to acquire the remaining equity of its associate company, Shenzhen Fuchuang Youyue Technology Co., Ltd. (Fuchuang Youyue), aiming to hold 100% ownership after the transaction [1][3]. Group 1: Acquisition Details - The acquisition will be executed through a combination of issuing shares and cash payments, with Huamao Technology currently holding 42.1602% of Fuchuang Youyue's shares [1]. - The transaction is expected to constitute a major asset restructuring but will not change the controlling shareholder or actual controller [1]. - Trading of Huamao Technology's stock and convertible bonds will be suspended starting May 21, 2025, for a period not exceeding 10 trading days [1][2]. Group 2: Financial Aspects - Huamao Technology acquired its initial 42.16% stake in Fuchuang Youyue for approximately 383 million yuan, valuing the company at around 908 million yuan, with the remaining equity estimated at 525 million yuan [3]. - The final transaction price will be determined based on an evaluation report from a qualified assessment agency and negotiations between the parties involved [3]. Group 3: Strategic Intentions - The company has indicated intentions for further integration with Fuchuang Youyue, focusing on expanding its presence in the semiconductor and computing power manufacturing sectors [3]. - Future plans include deepening collaboration in next-generation optical communication technologies and enhancing integrated management and capital cooperation [3]. Group 4: Industry Performance - Fuchuang Youyue has reported a significant increase in profitability in the first quarter, benefiting from the ongoing prosperity in the optical communication industry [4]. - As of May 20, 2025, Huamao Technology's stock closed at 41.65 yuan per share, reaching a new high since April 2023, with a total market capitalization of 13.71 billion yuan [5].